Increasing global demand for recovered carbon black – EnviroCB is gaining ground
A deficit of virgin carbon black, in combination with higher demands on the tyre and rubber industry to shift to a more sustainable production, will lead to a continued increase in demand for rCB and EnviroCB. By 2023, the market for recovered carbon black is estimated to be worth $491 million.
“The tyre and rubber industries are facing challenges both when it comes to producer responsibility laws and increasing their use of recovered materials. Enviro’s recovered carbon black is a given solution for both issues and it shows in our sales efforts,” says Thomas Sörensson, Enviro CEO.
The development of the sales of recovered carbon black are categorized in three main categories namely “Active orders”, “Waiting order” and “In production test”. Those customer statuses are the most mature and will be most relevant to follow. This does not mean that the customer status not mentioned is not relevant but since this quantity is increasing, they aren’t displayed here.
In addition to active orders of EnviroCB to produce chassis plugs, rubber gaskets and solid tyres, Enviro is awaiting orders from manufacturers of agricultural rubber sheet, other types of vehicle accessories, conveyor belts and rubber mats.
“We also have several production tests underway in cooperation with both tyre producers and players within the rubber industry. Each positive test result means that we’re a big step closer to a commercial deal,” says Thomas Sörensson.
For more information, please contact:
Thomas Sörensson, CEO Enviro, +46 (0)735-10 53 43, email@example.com
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, firstname.lastname@example.org
Alf Blomqvist, Board Chairman Enviro, +46 733 149 700, email@example.com
Enviro is a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT). The company has developed a process, based on a patented technology, where gas generated in the process is heating the tyres in absence of oxygen. This enables the materials in the tyres to decompose and be recovered instead of incinerated. Thus, a sustainable recovery of the resources Carbon black, Oil, Steel and Gas is obtained. The products are used in new products, replacing fossil resources to help the customers reach their sustainability targets. Enviro was founded in 2001, has its head office in Gothenburg and runs its own plant for ELT tyres in Åsensbruk, Sweden. The company is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, as its Certified Advisor. www.envirosystems.se