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Pyrolyx working to secure 5-year supply deal with Continental

Recovered carbon black producer Pyrolyx A.G. has signed a non-binding letter of intent with Continental A.G. to set up a supply agreement for its recycled product.

The value of the contract, which calls for the supply of up to 15,000 metric tons per year of Pyrolyx’s rCB over five years to Conti, was not disclosed. Conti did not comment independently on Pyrolyx’s news release.

Pyrolyx’s USA CEO, Thomas Redd, said: “This LOI is an extremely positive development for Pyrolyx and validates Pyrolyx’s process and products. Pyrolyx is a world leader in assisting the carbon black industry to decrease its environmental footprint and this agreement, once implemented, will eliminate the need to burn or dump four million scrap tires annually and reduce CO2 emissions by over 32,000 tons annually, as compared to current carbon black manufacturing techniques.”

Read the full press release here.

Munich-based Pyrolyx A.G. is in the process of moving its headquarters to the U.S., into facilities under construction in Terre Haute, Indiana.

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