Goodyear Tire & Rubber Company has received validation from the Science Based Targets initiative (SBTi) for its science-backed near-term and net-zero greenhouse gas (GHG) reduction objectives.

The SBTi has assessed Goodyear’s near-term targets for Scope 1 and Scope 2 emissions, affirming their alignment to limit global warming to 1.5°C above pre-industrial levels. The SBTi has also reviewed the company’s long-term targets for Scope 1, 2, and 3 emissions, confirming its conformity with the SBTi’s pathways for achieving net-zero GHG emissions by 2050.

Goodyear is committed to achieving net-zero greenhouse gas emissions throughout its value chain by 2050, based on a 2019 baseline. Additionally, the company aims to reduce absolute Scope 1 and 2 GHG emissions by 46.2 percent by 2030, using the same 2019 baseline, and to decrease total Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream transportation by 28 percent within the same timeframe.

“It is through the hard work of our team and their collaborative efforts with partners across our value chain that we are able to identify opportunities and build sound strategies to help us reach both our near- and long-term climate goals,” said Richard J. Kramer, chairman, chief executive officer and president. “The SBTi’s validation of our greenhouse gas emissions targets further strengthens our sustainability commitments.”

In addition to establishing short- and long-term climate goals, Goodyear has pledged to use 100 percent renewable electricity in all manufacturing facilities by 2030 and 100 percent renewable energy in all manufacturing facilities by 2040. The company is also working towards developing a tire entirely of sustainable materials by 2030 and replacing all petroleum-derived oils in its products by 2040. Goodyear provides annual reports on its progress towards these objectives.

The SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). By the end of 2022, over 4,000 companies, representing more than a third of the global economy’s market capitalisation, had either set or committed to setting targets through the SBTi. Furthermore, just over 2,000 companies have validated their targets by the SBTi, with Goodyear among them.”

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Kraton Corporation, a leading global producer of speciality polymers and high-value bio-based chemicals derived from pine wood pulping co-products, a global price increase for all polymer products with effect from 1 April 2026. The price hike will range from USD 440 per MT to USD 700 per MT, or as individual contract terms permit, with the exact price change varying according to the polymer type and production location.

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

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German specialty chemicals company LANXESS has announced a global price increase for its portfolio of functional additives for the manufacture of tyres and speciality rubbers. These changes, which are set to take effect immediately or as soon as individual contract terms permit, will see prices rise by 15 to 50 percent.

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing geopolitical conflict, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

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Orion S.A., a global speciality chemicals company, has announced a global price increase for its portfolio of speciality carbon black. These changes, which are set to take effect immediately or as soon as individual contract terms permit, will see prices rise by up to 25 percent.

In a strategic move to address persistent market volatility, the company is also implementing a variable surcharge on top of the base price increase. The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

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German chemical group WACKER has announced a price hike across its global polymers portfolio, responding directly to significant upheavals in international commodity markets triggered by the recent military conflict in the Middle East. This geopolitical instability has created pronounced distortions throughout the supply chain, leading to a sharp escalation in the costs of essential inputs. The company is experiencing substantially higher prices for crude oil and natural gas as well as for various other raw materials and logistics services.

To address this challenging economic landscape and offset the considerable burden of increased raw material and transportation expenses, the chemical group is implementing price adjustments effective 1 April 2026. The updated pricing will apply to several key product categories, specifically including polymer dispersions, a variety of resins and dispersible polymer powders. This strategic move is essential for the company to maintain operational stability and continue delivering its products reliably amidst the volatile market conditions.

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