International Tyre Manufacturer Places New Order on Enviros Recycled Carbon Black
A leading tyre manufacturer has placed a first order on Enviro's recycled carbon black, EnviroCB, for immediate delivery.
- Initially the order volume is small, but is expected to increase significantly over time. The customer is a global manufacturer of tyres and rubber applications and this order relates to industrial tyres, says Thomas Sörensson, CEO of Enviro.
The order comes after completing thorough material tests.
- For us, the increasing demand of recycled material as a substitute for virgin carbon black, is the most important market signal. Now that our order build-up is growing, more will see the benefits of Enviro's patented technology and the plants we sell.
The delivered EnviroCB will be used for industrial tyres manufactured in Sri Lanka.
- Aiming for high manufacturing growth, Sri Lanka is investing in the rubber industry, which makes the country a very interesting market for us, says Sörensson.
Enviro is an environmental company that offers profitable recovery of tyres and processed materials primarily to the rubber industry. The company sells turn-key environmental facilities to industrial investors and also operate their own plant for end-of-service tyres in Åsensbruk, Sweden. Enviro, headquartered in Gothenburg, was founded in 2001, has 20 employees, and is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, as its Certified Advisor. https://www.envirosystems.se/en/
Approximately 1.5 to 2 kg of crude oil is needed in order to produce 1 kg of virgin carbon black of quality so using recycled carbon black reduces the carbon foot print.
Recycling carbon black also mean re-using a precious raw material, thus moving higher up the recycling hierarchy.
In addition the process of producing the recovered material has significantly lower CO2 footprint compared to traditional furnace process.
The global market for carbon black accounts for an annual turnover of approximately 25 billion USD, and is expected to grow by around 4 percent per annum until 2020. Asia is currently the largest producer and consumer of carbon black, accounting for about 55 percent of global production and consumption according to 2010 figures. China accounts for nearly half of Asian consumption. The majority of the increase in carbon black production capacity expected to come about in the next five years will come out of Asia, with China leading the way. The growth in carbon black production is closely linked to the automotive industry and to tyre production. The fact that more and more global automotive production is moving to China, India and Eastern Europe is prompting the tyre industry, and therefore also carbon black producers, to follow.