Can you tell us about the background of Radhe Renewable Energy and what was the idea behind the development of the 100 MTPD  single reactor continuous pyrolysis plant?

During our travels around India 25 years ago, we used to find farmers burning the agricultural stubble and waste to clear the fields for the next sowing. This used to cause a lot of pollution. With our understanding of hydrocarbons, we decided to create resource out of this waste. We started Radhe Renewable Energy with the idea of creating green fuels from many types of wastes that caused pollution and were a big disposal issue then. Our initial projects were to convert agricultural waste into valuable briquettes which replaced conventional fossil fuels like coal and furnace oil.

Being a hardcore and focused waste-to-energy company, we understood the chemistry of biomass and the future potential of green fuel from biomass. We persisted to find ways to convert rural agricultural waste into wealth with green environment and for sustainable growth of rural India. Our creative and dedicated team moved forward to develop biomass gasification technology to replace fossil liquid fuel in process industries like ceramics, chemical and steel industries with the use of solid biomass briquettes. We were the first company to develop and manufacture industrial scale size biomass and coal gasification technology and replace complete liquid fuel from ceramic industries near Rajkot, India. This reduced the import dependency of coal as fuel. Our team understands the mindset of process industries. We continuously strive to develop technologies that are not only cutting edge but which also create value for the capital invested. We understand that the lifecycle cost is as important as the acquisition cost in India and the other Asian markets. Last but not least, we are completely dedicated to operational safety and sustainable solutions for our clients.

Radhe Renewable Energy has supplied more than 500 biomass and coal gasification technology plants to the various process industries with successful track record in synchronising clients’ processes with gasification. Over this period, our team has gained considerable experience working with big corporates of India (process houses like TATA chemical, H&R Johnson tiles, Somani, Vedanta group, Mahindra, Steel Ispat etc.). We also gained the experience of major process of steel, drying, fertilizer, petrochemical, food, pharma, rubber and mineral industries.

It was in the year 2006 that we started working on a project to convert waste tyres and municipal solid wastes into valuable products. We were the first amongst many who saw the potential of converting this waste into green fuels at that time. We already had lots of experience to convert biomass into char to get charcoal and gas with fast pyrolysis.

What kept you investing in and developing the continuous pyrolysis technology when everyone else was selling thousands of cheaper batch type plants in India?

Equipped with the vast experience that our team had of all process industries, we knew that we wanted to do a revolutionary work in this tyre pyrolysis field too. Hydrocarbon is a big subject. You must handle them properly with full safety, environmental concern, and efficient and stable operation. You cannot think for cheaper batch type technology. We just did not want to do what other small companies were involved in – basically, copying environmentally non-compliant batch type plants from China and selling it in India. The batch type plants were very unsafe to operate, leading to many fires and explosions. The smell and the gases released have affected thousands of people in the last 10 years of their operations across Indian towns and cities.  

We chose to take the higher road. We decided to develop and build the best technology plant that India will be proud of. It was an uphill task with huge work and investments involved. It took about three years for a lab scale trial plant to come up. We started scaling up later. It has taken us more than seven years to reach our patented full commercial scale 100 TPD single reactor continuous waste tyre pyrolysis plant.

We can proudly boast that we could perhaps be the only manufacturer to have the largest single reactor 100 TPD continuous plant running successfully for the last nine years. It is sometimes hard to believe that an Indian company can develop and deliver a global technology that can challenge the world in price and performance. The world is amazed with what they see when they understand our technology and offerings. Today, we can offer plants meeting European standards and compliances at about one-fourth of the cost of the European manufacturers. None of them have a 100 TPD show plant operating for as long as we have.

How was the journey in developing indigenous technology for upgrading Recovered Carbon Black (rCB)?

Since the last 25 years, we been working with hydrocarbons, and we know the importance of carbon in daily life. Conventional world is producing carbon black from firing of furnace oil with highly polluting industrial process. At present, the world has few options in making carbon black. These processes consume lots of natural resources and are polluting in nature. Carbon is backbone for many products like rubber, tyre, plastics, Bakelite, minerals, graphite, metal etc. With waste tyre pyrolysis process, we are deriving carbon free without use of any natural resources and without any polluting process. Our continuous pyrolysis process is completely environmentally friendly with almost zero discharge. This process also generates surplus energy for other applications. We understood the importance in upgrading the carbon char generated during the process and worked on it for the more than three years. We were finally able to develop the process to upgrade the rCB to commercial grades successfully. Our rCB is a much sought-after derivative in the Indian market and is being exported across the globe.

How do you evaluate the tyre industry in India? What makes you bet on the carbon black business?

The Indian tyre industry is on a phenomenal growth trajectory and is now very receptive to ideas on sustainability and reuse of recycled materials. We are in active dialogue with many rubber and tyre companies for exploring opportunities to work together with regards to the production and usage of our rCB,

Silica is being aggressively adopted by the tyre industry as a reinforcement material due to tightening of the safety and environmental norms? How will this, according to you, pose a challenge for the rCB industry?

Silica is a useful ingredient of tyre and rubber, which is also found in rCB. As silica is extensively being adopted by the tyre industry, we feel our rCB is absolutely apt for the tyre industry. This will meet both their objectives together – sustainability and reinforcement.

Could you highlight the production capabilities?

Currently, we have 750-800 MT/month rCB production capacity. In the next two years, we will have 300 percent of this capacity in India and about 400 percent of this capacity in the rest of the world. Our brand is Hi-Green carbon black.

Could you talk about the markets the company taps? Are you looking to tap new markets?

We have now opened our doors to companies wanting to set up tyre pyrolysis plants with carbon upgradation systems. The response is overwhelming. We have inquiries coming from all over the world. Initially, people were sceptical if we really had done what we say. They are impressed when they visit our facility. We are now in active dialogue with at least 5-6 companies across Europe and the USA. The future looks very bright.  

Do you think there is a need for further collaboration between CB producers and tyre companies?

Yes … definitely, this is a marriage that will last. Tyre companies will be able to complete the circular economy loop. It is a win-win for all.

What are your future plans?

To establish high capacity plants in highly aware European, US, UK and Australian markets and create an ecosystem for high quality tyre-derived oil and rCB. We have started the process to appoint channel partners in Europe and many other strategic markets. We will have our footprints in these markets in the next 24 months.

What are the challenges in the business?

Opportunities and challenges are two sides of the same coin. We always felt that most companies look at the path of least resistance and miss out on the major learning which leads to greatness.

We have built the technology on our own. We have had to invest into the development with our own resources. If we were in Europe or other first world countries, we would have had access to low-cost funding, especially for R&D.

The other challenges in India and other Asian markets are the ever-changing government norms. Quite often, we find that these environmental norms do not have any ground connect. The norms are often formed without proper evaluation of technology merits and guided by local sources. For example, waste tyres are still classified in the hazardous waste category. Strangely, coal and biomass does not classify as hazardous waste. We fail to understand the logic behind such norms. These matters hinder the growth of the right technologies.

Despite all these challenges, we have been able to make our mark in the country.We now look forward to setting our footprints across the globe. (TT)

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NEXEN TIRE reported third-quarter 2025 sales of 780.7 billion won and operating profit of 46.5 billion won, the company said on Thursday, as stronger demand in Europe and South Korea helped offset the impact of item-specific tariffs in the United States.

Sales in Europe were supported by an expansion of original equipment supply for newly launched vehicles and higher demand for winter products following tighter seasonal tyre regulations. In South Korea, the company posted its highest-ever quarterly revenue, aided by peak summer demand and continued growth in its tyre rental business.

Profit margins improved from the previous quarter, helped by lower raw material costs and reduced logistics expenses, with prices for natural and synthetic rubber and the Shanghai Containerized Freight Index (SCFI) remaining on a downward trend.

The company has been rolling out region-specific product strategies. In South Korea, it launched the N’FERA Supreme EV ROOT in August, designed for both electric and internal combustion engine vehicles. It also brought the WINGUARD SPORT 3 winter tyre to Europe and Japan, and strengthened its U.S. high-performance line-up with the N’FERA SPORT, already supplied as original equipment to premium European carmakers. In Australia, it added the ROADIAN ATX for larger sport utility vehicles.

NEXEN TIRE is also expanding its international footprint, with new sales bases recently opened in Spain and Poland, and additional hubs planned in Southeastern Europe, Latin America and the Middle East.

The tyre maker said it is enhancing R&D efficiency through the adoption of a High Dynamic Driving Simulator, the first of its kind in South Korea's automotive sector, allowing reduced reliance on physical prototypes and road tests. The firm also received approval for its near-term emissions reduction targets from the Science Based Targets initiative (SBTi) in September.

“The solid performance in the third quarter, even after factoring in tariff-related costs, indicates that our strategy for managing external uncertainties is yielding positive results,” CEO John Bosco (Hyeon Suk) Kim said. “We will continue to pursue sustainable growth through product portfolio diversification and the optimisation of global production operations.”

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MAXAM is set to showcase its advanced agricultural tyre solutions at Agritechnica 2025 in Hannover from 9 to 15 November. Visitors can find the company at Stand A04 in Hall 20, where the exhibition theme ‘More Pull. Less Fuel’ will guide the presentation. This philosophy underscores the company's dedication to developing tyres that enhance operational efficiency and contribute to more sustainable farming practices by reducing fuel consumption and soil compaction. The event provides a significant opportunity for MAXAM to demonstrate its commitment to innovation and the expansion of its product portfolio.

On display will be a range of DLG-awarded tyres, including robust models for high-horsepower tractors and versatile options for specialised implements, illustrating the company's technical breadth. Beyond presenting products, MAXAM considers the trade fair a vital meeting point for industry collaboration. It serves as a platform for direct engagement with farmers, partners and machine manufacturers, whose feedback provides invaluable, real-world insights that directly influence the future direction of product and service development, ensuring they remain precisely aligned with evolving market needs.

As a part of SAILUN Group, one of the 10 largest tyre manufacturers in the world, MAXAM leverages its extensive international presence and collaborative research initiatives to drive continuous innovation. The company is dedicated to advancing agricultural tyre technology, creating sophisticated solutions that directly address the evolving demands of modern farming. This focus encompasses critical areas such as enhanced sustainability, improved cost-efficiency and superior field performance.

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Radar Tires has expanded its US distribution network with the opening of two new domestic distribution centres in Knoxville, Tennessee, and Parkesburg, Pennsylvania, as part of efforts to strengthen product accessibility and service reliability for its growing customer base.

The expansion increases the brand’s domestic distribution centres from one to three. It aims to improve delivery efficiency and inventory availability across key regions, particularly in the Southeast and Northeast of the United States.

“Stocking domestic tyre inventory is a key part of the Radar strategy going forward,” said Rob Montasser, Vice President of Sales for Radar Tires, USA. “It ensures our distributors and retailers have easy access to the products that their customers need, without the long lead times or supply chain uncertainty. These new locations allow us to be faster, more flexible, and more dependable.”

The company said the additional facilities will reduce delivery times and ensure that its core product range remains readily available to meet rising market demand.

With existing operations in Texas, the addition of centres in Tennessee and Pennsylvania underscores Radar Tires’ long-term strategy to enhance supply chain responsiveness and reinforce its position as one of the most customer-focused distribution networks in the tyre industry.

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Cabot Corporation reported lower quarterly earnings, as weaker demand in its Reinforcement Materials segment and softer volumes in Performance Chemicals weighed on results. However, the company ended fiscal 2025 with solid cash flow and continued shareholder returns.

For the fourth quarter ended 30 September, Cabot posted net income of USD 43 million, or USD 0.79 per share, compared with USD 137 million, or USD 2.43 per share, in the same period a year earlier.

Full-year diluted earnings per share were USD 6.02, while adjusted earnings per share rose 3 percent year-on-year to USD 7.25.

“I am very pleased with another strong year of Adjusted EPS growth where we achieved USD 7.25, up 3 percent year over year, in a year with a challenging macroeconomic backdrop,” said Sean Keohane, Cabot’s President and Chief Executive Officer. “This performance was driven by higher EBIT in our Performance Chemicals segment, which increased 18 percent year over year, partially offset by EBIT in our Reinforcement Materials segment, which declined 5 percent.”

Cabot’s revenue for the quarter fell to USD 899 million from USD 1.0 billion a year earlier, while full-year sales declined to USD 3.7 billion from USD 4.0 billion.

The Boston-based speciality chemicals manufacturer said fourth-quarter cash flow from operations totalled USD 219 million, enabling USD 64 million in shareholder returns through dividends and share buybacks. For the full fiscal year, Cabot generated USD 665 million in operating cash flow, funding USD 274 million in capital investments, USD 96 million in dividend payments and USD 168 million in share repurchases.

Keohane said the company’s balance sheet remained strong, with a net debt-to-EBITDA ratio of 1.2 times, providing flexibility to invest in growth while continuing to return capital to shareholders.

The company’s Reinforcement Materials segment reported a USD 4 million decline in EBIT from the prior-year quarter, reflecting lower volumes in the Americas and Asia Pacific, partly offset by cost efficiencies. Global volumes fell 5 percent, including a 7 percent drop in the Americas, where lower tyre production by customers was attributed to increased Asian tyre imports.

Performance Chemicals EBIT decreased USD 2 million year-over-year, mainly due to a 5 percent drop in volumes led by weaker demand in Europe, particularly from construction-related applications.

Cabot ended the quarter with  percent 258 million in cash and spent percent 64 million on capital expenditures. The company recorded a 55 percent effective tax rate in the fourth quarter and an operating tax rate of 27 percent for fiscal 2025.

Looking ahead, Keohane cautioned that market conditions remain challenging, particularly in the Reinforcement Materials sector. “We do not yet see signs of improvement in the external environment, particularly as it relates to regional demand trends in Reinforcement Materials due to the impact of elevated Asian tire imports into western regions,” he said.

The company anticipates improvement in Performance Chemicals, led by growth in battery materials and infrastructure-related applications, while maintaining strong cash flow to support investment and shareholder returns.

“While market conditions remain challenging, we continue to execute on our foundation of commercial and operational excellence, and we remain focused on managing costs, strengthening operations, and positioning the company for long-term growth,” Keohane said.

In fiscal 2025, Cabot also announced an agreement to acquire Bridgestone Corporation’s reinforcing carbons plant in Mexico and released its 2024 Sustainability Report, noting it had achieved 11 of its 15 sustainability goals ahead of schedule and established new 2030 targets.

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