Préverenges VD/Seoul – Swiss technology developer Tyre Recycling Solutions is collaborating with South Korean waste recycling company LD Carbon (LDC). Together they are building a processing plant that will produce the recycled rubber powder TyreXol for the Asian markets.
Asian auto markets are expanding and the Asian auto industry is growing. Now, a factory in South Korea will soon convert old, worn-out rubber tires from cars and trucks into new ones, strengthening the regional circular economy.
Tyre Recycling Solutions(TRS), a developer and integrator of circular economy technology based in Préverenges, has signed a memorandum of understanding with South Korean waste processor LD Carbon. The companies plan to build a new plant that will produce TyreXol TRS rubber powder and other recycled products for Asian markets.
“This collaboration is very important for the development of further true closed-loop solutions for the tire and rubber industry,” TRS co-founder and CEO Staffan Ahlgren is quoted as saying in a media release. “The collaboration is the result of months of discussions that helped us develop a deep mutual respect. It will be an accelerating step that will allow us to supply Asian customers regionally and focus primarily on our high-pressure waterjet technologies.”
The new plant is expected to convert 25 kilotons of scrap tires per year into 5 kilotons of TyreXol powder. The industrial fuel tire pyrolysis oil and high-quality carbon black are also obtained in the process. This chemical is used for new tires and other commercial purposes.
Baek Seong-Mun has vetted many companies around the world to expand LDC’s product line and the value his team brings to tire manufacturers. “We are very excited to be working with TRS,” said LDC’s co-founder and CEO. “Not only are our technologies complementary, but we have a deep understanding of the marketplace. And we share the same ethical and professional values.” ce/jd