Hankook Tire & Technology (Hankook Tire) has announced that it has commenced mass production of its tyres utilising three types of ISCC (International Sustainability & Carbon Certification) PLUS certified carbon black.

The carbon black, derived from end-of-life tyre pyrolysis oil, was developed through the Tire-to-Tire Circular Economy Model consortium. This marks the company’s first achievement following the launch of the Tire-to-Tire Circular Economy Model consortium in November 2023. The consortium, a project launched by Hankook Tire, focusses on continuous collaboration along with research and development to create sustainable materials suitable for mass production.

The project aims to create a circular economy model for producing new tyres from end-of-life tyres in South Korea. Together with 12 other Korean companies and institutions, Hankook Tire is working to meet global market demand for carbon neutrality and the use of sustainable materials.

The tyre major states it has achieved this outcome through collaborative research with consortium partners HD Hyundai Oilbank and HD Hyundai OCI. HD Hyundai Oilbank and HD Hyundai OCI developed the three types of certified carbon black by applying refined oil obtained from the pyrolysis process of end-of-life tyres using a mass balance approach and received ISCC PLUS certification, a voluntary international certification system for sustainable materials and product circularity.

With this Hankook Tire says it is now ready to apply these materials for mass production. This collaboration contributes not only to the transition of the tyre industry toward a circular economy by replacing existing petrochemical-based raw materials with circular materials, but also helps reduce reliance on petroleum resources, conserving natural resources and lowering carbon emissions.

Starting this year, Hankook Tire will apply certified carbon black to its products, leveraging the material to meet global sustainability requirements. Additionally, it will continue to work closely with consortium partners to develop carbon black made with 100 percent pyrolysis oil, aiming for 100 percent use of sustainable materials by 2050 and thereby accelerating the development of circular materials through the consortium.

Meanwhile, Hankook Tire continues its unwavering efforts to enhance sustainability within the global tire industry. In 2021, its Geumsan plant in Korea became the first in the tyre industry to obtain ISCC PLUS certification. This was followed by its plant in Hungary, which received the same certification in 2023, establishing a foundation for incorporating sustainable materials into mass production.

Additionally, in August 2023, Hankook Tire became the first company in the Korean tyre industry to have its mid to long-term greenhouse gas reduction goals for achieving ‘Net Zero by 2050’ approved by the Science Based Targets initiative (SBTi).

This demonstrates the company’s commitment to implementing tangible measures that aim to reduce carbon emissions. In 2024, Hankook Tire was awarded the Three-Star Environmental Accreditation by the Federation Internationale de I’Automobile (FIA), the highest level of sustainability certification awarded by the organisation.

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Scandinavian Enviro Systems AB publ has signed a letter of intent with an undisclosed partner to explore the possibility of licensing its advanced tyre pyrolysis technology for deployment in North America.

The collaboration will focus on conducting a comprehensive feasibility study to evaluate the technical and commercial viability of establishing one or multiple facilities dedicated to processing end-of-life tyres using Enviro’s proprietary method. This study is designed to provide the potential licensee with the necessary insights to assess the prospects of entering into a long-term commercial arrangement and formal technology licensing agreement.

It is important to note that any definitive agreements will depend entirely on the study's outcomes and subsequent negotiations. At this stage, there is no guarantee that the evaluation will lead to binding commitments or that the proposed transaction will ultimately materialise.

Fredrik Aaben, CEO, Scandinavian Enviro Systems, said, “We continue to see strong international interest in Enviro’s technology, and this letter of intent is yet another proof of this.”

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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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