Thu February 8 12:10 pm 2024 in category Company news
Nokian Tyres signs a purchase agreement for recovered carbon black – Aiming to create even more sustainable tires and accelerating circular economy
Nokian Tyres plc Press Release February 8, 2024, at 12:10 p.m. EET
Nokian Tyres has made a long-term purchase agreement with a tire recycling joint venture. The agreement will help Nokian Tyres reach one of its key sustainability targets, which is to increase the share of recycled and renewable raw materials in tires to 50 percent by 2030. Nokian Tyres started to use recovered carbon black in a commercial product line in 2022. The long-term purchase agreement with a tire recycling joint venture enables its increased utilization in tires accelerating circularity and sustainability in the tire industry.
The joint venture, formed by e.g. Antin Infrastructure Partners and Scandinavian Enviro Systems, plans to establish end-of-life tires recycling plants across Europe, with a total capacity to recycle up to one million tons of end-of-life tires annually by 2030. The first plant, located in Sweden, is expected to be fully operational by 2025. The deliveries for Nokian Tyres will begin in 2026.
Carbon black is used as a reinforcing filler in tires to enhance their physical properties, such as strength. As virgin carbon blacks are fossil-based, replacing them partly with recovered carbon black decreases the environmental burden of tires’ raw materials. It also accelerates the circular economy of the tire industry, as the recovered carbon black is made with pyrolysis from end-of-life tires.
“The use of recovered carbon black has several sustainability-related benefits. It reduces the use of virgin raw materials and increases the share of recycled ones. The emissions from manufacturing recovered carbon black are over 90 percent lower than those from virgin carbon blacks. On a larger scale, use of recovered carbon black also increases circularity and sustainability in the tire industry,” says Juha Hietalahti, VP, Procurement at Nokian Tyres.
“When introducing new raw materials in tires, one of the most demanding tasks is to find the right balance between raw material selection and tire properties, as the use of recycled or renewable materials must not impair a tire’s safety characteristics. The recovered carbon black that we will receive with this agreement is an important step in creating even more sustainable premium tires that provide safety in all driving conditions,” Hietalahti says.
Juha Hietalahti, VP, Procurement
Tel. +358 10 401 7390
Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2023, our net sales totaled EUR 1,174 million. At the end of 2023 we employed over 3,400 professionals. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com