PR99126

SEOUL, South Korea, Dec. 13, 2022 /PRNewswire=KYODO JBN/ --

- Commitment to commercialization of recovered carbon black and pyrolysis oil

using waste tires

Waste treatment and raw material recycling company LD Carbon (CEO Baek,

Seong-mun and Hwang, Yong-kyung) announced that it had signed an MOU with

'Sumitomo Rubber Industries, Ltd.' for the commercialization of sustainable

tire raw materials.

Sumitomo Rubber Industries is a global tire manufacturer head quartered in

Japan, ranked global No.5 in terms of sales (approximately 7.25 billion USD) in

the "2022 Global Tire Company Rankings" compiled by tirebusiness.com.

LD Carbon and Sumitomo Rubber Industries held a business agreement ceremony at

the November 18 and promised to cooperate in the commercialization of recovered

carbon black and pyrolysis oil.

Through this agreement, two companies will jointly develop products so that LD

Carbon's GCB (Green Carbon Black) can partially replace existing carbon blacks

that use fossil fuels. Based on its patented technology, LD Carbon produces

Recovered Carbon Black (rCB) by utilizing the residue generated from the

pyrolysis of waste tires and supplies it to tire and rubber product

manufacturers.

LD Carbon and Sumitomo Rubber Industries jointly targeting to commercialize

GCB-774G and GCB-600 series, aiming to replace the existing carbon black (N660)

by up to 20% to 70%, respectively. In addition, they plan to promote

commercialization of pyrolysis oil collected from waste tires. The

commercialization volume targeted by the two companies by 2026 is 3,500

tons/year of GCB and 4,000 tons/year of tire pyrolysis oil.

In particular, the business agreement (MOU) signed by LD Carbon with Sumitomo

Rubber Industries is meaningful in that it is the first business agreement

signed by LD Carbon with an oversea tire company.

Bum-seek Kim, Sales Director of LD Carbon, said "LD Carbon will continue to

push its effort to be an eco-friendly carbon black manufacturer that leads the

global market through steady cooperation with global tire manufacturers".

Meanwhile, LD Carbon is proceeding with the construction of a new plant

equipped with shredding, pyrolysis and rCB facilities through an investment of

more than 38 million USD, with the goal of completion by the end of 2023. The

plants are expected to be able to produce about 20,000 tons of GCB and

pyrolysis oil every year. Upon completion LD Carbon's new plant will be the

largest scale in Asia.

SOURCE LD Carbon

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   Caption: LD Carbon signed an MOU with Sumitomo Rubber Industries for the

commercialization of recovered carbon black and pyrolysis oil