Japanese trading firm Hanwa Group that currently supplies tyre chips produced by shredding waste tyres as a low-impact energy source to industrial users in Japan, is now investing in the pyrolysis process, since it has become the dominant recycling method in many overseas markets. This process is decarbonisation of waste tyres in an oxygen-free environment to produce valuable by-products such as pyrolysis oil and carbon residue which can be reused not only as fuel but also as raw materials for new tire production.
Thus, its subsidiary in Thailand, Hanwa Thailand, has invested in Pyro Energie, an end-of-life tyre pyrolysis company in Thailand, with the aim to enhance the value of pyrolysis derived products and build a global supply chain in partnership with tyre manufacturers. Terms of the deal were not disclosed.
Its products will be supplied to the chemical industry, synthetic rubber sector and tyre manufacturers.
As well, Hanwa and Hanwa Thailand have obtained the ISCC Plus and ISCC EU certifications, which are part of the International Sustainability and Carbon Certification (ISCC) system.