RECOVERED CARBON BLACK MARKET ANALYSIS

Market News

Recovered Carbon Black Market Key Developments:

• In September 2019, Enviro Systems AB, a Scandanavian company has signed agreement with TreadCraft Carbon LLC, of rights to use Enviro's technology in a jointly owned plant of recovered carbon black in Buffalo, U.S. Moreover, Enviro also announced its plans to sell this plant worth between US$ 27.55 and US$ 33.06 million to TreadCraft Carbon LLC by the end of 2019. This agreement is expected to strengthen TreadCraft’s market position in global rCB market.
• In October 2019, Klean Industries Inc., a company engaged in development of alternative energy solutions, announced the signing of a non-binding ‘Letter of Intent’ of supplying equipment for manufacturing recovered carbon black in India. Under this agreement, the equipment will be supplied to 5 rCB upgrading projects in India. The equipment provides advanced technology required to produce high quality and low cost rCB.
• On 11^th November 2019, Black Bear Carbon B.V. announced to develop its new plant of recovered carbon black at the port of Rotterdam in Netherlands. This plant is expected to produce carbon black by decomposing granulate from end-of life tires and also produce pyrolysis oil and gas.