SEATTLE (Recycling Monster): Tire Recycling Solutions (TRS) announced that it has signed a Memorandum of Understanding (MoU) with South Korean LD Carbon to promote production of sustainable products from end-of-life tires.

According to the terms of the MoU, the partners companies will establish a jointly-owned plant in South Korea to produce TRS' TyreXol rubber powders using the TRS Water Pulse process. The remainder of the end-of-life tires will be processed by LDC to produce tire pyrolysis oil (TPO) and recovered Carbon Black (rCB). The new MoU will expand TRS’ footprints to the Asian continent.

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In the initial phase, the plant will process 25 ktpa end-of-life tires, which in turn will lead to production of 5 ktpa TyreXol Water Pulse powder. The production capacity will be lifted at a later stage, so as to meet the rising demand from customers in the region.

Staffan Ahlgren, CEO and co-founder of TRS noted that the collaboration, which is being arrived at after several months of negotiations, will play a key role in developing additional real circular solutions for the tires and rubber industries.

Meantime, Baek, Seong-Mun, CEO and co-founder of LDC said that the company is thrilled to collaborate with TRS. The technologies of both the companies are complementary. Moreover, they share the same ethical and professional values, he added.