Michelin has announced the construction of an initial industrial demonstration unit for the 5-HMF molecule, a bio-based and non-toxic molecule capable of replacing fossil fuel-derived chemicals in a wide range of industrial applications.

The CERISEA2 project was created as part of a collaboration that included several academic, institutional and industrial interested parties. With partial funding from the CBE JU1 at the European level and the ADEME in France, this project represents a total expenditure of EUR 60 million. About 30 direct jobs will be created by it, and operations are anticipated to start in 2026. Located on the Osiris platform in Péage en Roussillon, France, this demonstration unit will have the potential to produce 3,000 metric tonnes of this molecule annually, making it the biggest manufacturing site in the world.

5-HMF, or 5-Hydroxymethylfurfural, is a platform molecule that can have several different derivatives. Because it is non-toxic and bio-sourced, it may be used in lieu of substances that come from oil or other problematic sources. Because of its adaptability and capacity to substitute a variety of traditional molecules, it is referred to as the ‘Sleeping Giant’. This molecule is made from fructose that has undergone green chemistry transformations. As a result, 5-HMF will be among the few monomers that are bio-sourced, non-toxic, industrially accessible in thousands of metric tonnes and made in Europe using European raw materials.

This molecule is already utilised in the production of non-toxic adhesive resins created by Michelin ResiCare, which lowers the exposure of operators and consumers to hazardous materials. The manufacturing of this first industrial-scale equipment will enable cost reduction and supply protection for Michelin ResiCare. Additionally, it opens the door for novel materials to be marketed in a wide range of industries, including electronics, transportation, manufacturing, agriculture, cosmetics and aeronautics. By 2030, the projects show that there might be a market of more than 40,000 metric tonnes.

To establish a manufacturing network for this bio-sourced chemical, 20,000 metric tonnes will be replicated through a licensing system in collaboration with the project's industrial partners. These sophisticated composite materials are opening up areas with significant development potential since they were designed to assure crucial functionalities at a scale smaller than the micrometre.

After finding a source at a high cost and little volume, 5-HMF was added to the Michelin ResiCare formulas for resins meant for use other than tyres in 2016. Initially, this was done for plyboard. Following an early effort with a different partner, Michelin partnered with the IFPEN in 2021 to create a more reliable fructose manufacturing method. Through engineering research and experiments at different sizes, the project will be completed by the end of 2023. 5-HMF is included in all of the new Michelin ResiCare formulas, including those for plyboard, abrasives and moulded components, even though it isn't currently utilised in tyres.

Maude Portigliatti, Director of the Polymer Composite Solutions division at Michelin and a Member of the Group’s Executive Committee, said, “The launch of this initial unit in France, to produce a bio-sourced molecule essential for green chemistry, is a major milestone for taking Resicare’s activities to an industrial scale. Created at Michelin in 2016, this start-up at the cutting edge of innovation will be able to speed up the development of its high-performance and non-toxic resin offers for manufacturers. This new demonstration of the Group’s innovative power, the fruit of years of joint research with our partners, also heralds the creation of a new European industry.”

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HS HYOSUNG ADVANCED MATERIALS has completed and commenced operation of a 17.5-MWp rooftop solar power installation at its facility in Vietnam’s Nhon Trach Industrial Park, located within Dong Nai Province. This marks a significant step in the company’s broader effort to reshape its Vietnam operations – its largest global manufacturing base for tyre cords and technical yarns – into what it terms a ‘Smart Green Factory’. By merging renewable energy infrastructure with digital energy management systems, developed in partnership with the energy IT specialist Nuriflex, the firm is positioning this site at the forefront of its transition towards becoming a global eco-friendly manufacturing hub.

A key element of this transformation is the deployment of an Internet of Things based energy management system, which allows for real-time oversight of electricity generation and equipment performance. This digital layer not only streamlines operational efficiency but also contributes to greater equipment reliability and overall productivity gains, ensuring that the integration of renewable energy delivers tangible improvements beyond simple power generation.

With further solar installations set to be completed by August, total rooftop capacity at the Nhon Trach site will reach 37.5 MWp. Once fully operational in the latter half of the year, HS HYOSUNG ADVANCED MATERIALS anticipates annual electricity cost savings exceeding KRW 6 billion (approximately USD 3.94 million), bolstering its cost competitiveness. The expansion is also expected to deliver meaningful reductions in greenhouse gas emissions, reinforcing the company’s long-term commitment to sustainable management practices.

Through advanced energy IoT solutions, the Vietnam subsidiary now systematically manages carbon reduction data generated from its solar power operations. This capability enables a more structured response to rising demands from major global customers – including Michelin, Bridgestone, Goodyear, Continental and Pirelli – for verified renewable energy usage and carbon emissions information. By strengthening its ESG performance across the supply chain, the company is leveraging its solar infrastructure and smart energy management not merely as facility investments but as strategic tools to enhance environmental responsibility and competitiveness in a market where sustainable value chains are increasingly essential.

“Starting with our Vietnam production base, we are simultaneously promoting renewable energy transition and energy efficiency improvements across our operations. By expanding solar power facilities, we will strengthen both cost competitiveness and ESG capabilities while proactively responding to the evolving requirements of our global customers,” said an official from HS HYOSUNG ADVANCED MATERIALS.

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The Association of Natural Rubber Producing Countries (ANRPC) has released its Monthly NR Statistical Report for February 2026, detailing a period of significant market activity influenced by geopolitical tensions, macroeconomic changes and shifting supply-demand dynamics within the global natural rubber sector.

As per the report, global natural rubber production for 2026 is forecast to reach 15.324 million tonnes, a 2.2 percent increase from the 14.996 million tonnes recorded in 2025. February output alone is projected at 994,000 tonnes, marking a 3.4 percent year-on-year rise due to favourable weather and higher rubber prices. Despite this overall growth, production trends vary among member nations. While Thailand is expected to remain the top producer, Indonesia and Vietnam face short-term constraints from structural and agronomic issues. Meanwhile, Malaysia is advancing efforts to restore abandoned plantations, with the Rubber Production Incentive activated in Sarawak and Sabah and the Malaysian Rubber Board targeting the rehabilitation of 4,137 hectares of idle land in 2026.

Physical and futures markets saw notable price increases across major grades in February. In Kuala Lumpur, SMR-20 averaged USD 2.01 per kilogramme, a 5.13 percent monthly gain, while STR-20 in Bangkok rose 5.12 percent to USD 2.11 per kilogramme. Sheet rubber grades also strengthened, with RSS-3 increasing 7.84 percent to USD 2.35 per kilogramme and RSS-4 in Kottayam surging 10.38 percent to USD 2.34 per kilogramme. Centrifuged latex in Kuala Lumpur closed the month at USD 1.61 per kilogramme. Futures mirrored this firming trend, as the Shanghai Futures Exchange May 2026 contract averaged roughly 16,508 CNY (approximately USD 2,388) per tonne and the SGX contract averaged USD 1.92 per kilogramme, supported by strong demand and tightening supply expectations ahead of the seasonal low-yield period from February to May.

Crude oil volatility added further complexity, with Brent averaging USD 70.89 per barrel in February – up 6.43 percent from January – before spiking to approximately USD 104 per barrel in early March following military actions in the Middle East and the closure of the Strait of Hormuz, a conduit for nearly 20 percent of global oil supply. This has introduced a risk premium with implications for synthetic rubber competitiveness and natural rubber demand. Currency shifts also play a role, as the Malaysian Ringgit appreciated modestly to 3.89 MYR per USD and the Thai Baht strengthened to around 31.08 THB per USD by late February, affecting trade competitiveness. Looking ahead, rising automotive production, especially of new energy vehicles in China, India and Southeast Asia, is expected to sustain demand and support prices. However, risks persist from US-China trade tensions, Middle East geopolitical instability, weather uncertainties during the low-yield season and currency fluctuations tied to US monetary policy, all of which could disrupt supply chains and export revenues.

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Tokyo Zairyo Co., Ltd., a wholly owned subsidiary of Zeon Corporation, marked a significant milestone in November 2025 by establishing a new branch office in Chennai, Tamil Nadu, India. Following the completion of all necessary preparations, this location has now commenced full-scale operations. The move represents a deliberate effort to broaden the company’s commercial reach across the Indian market while simultaneously constructing an organizational structure capable of responding with greater agility to the evolving and increasingly diverse requirements of its customers.

This southern expansion comes approximately 15 years after the company first established its Indian subsidiary, Tokyo Zairyo (India) Pvt. Ltd., with an office in Gurugram, Haryana, in 2011. By positioning a second office in Chennai, the firm now operates a coordinated network spanning the northern and southern regions of the country. Close collaboration between the two locations is intended to strengthen information services and enhance user support, leveraging both internal capabilities and external partnerships to better serve Japanese automotive parts manufacturers and processors operating throughout India.

Through this dual-office structure, Tokyo Zairyo is poised to advance its core business of purchasing and selling a broad spectrum of materials, including rubber, resins and elastomers. The synchronised operations in Gurugram and Chennai enable the company to deliver more responsive support, ensuring that clients across the Indian automotive supply chain benefit from efficient service and a reliable supply of essential materials.

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Kuraray Co., Ltd. has announced a comprehensive global price adjustment for its portfolio of Liquid Rubber products and ISOBAM alkaline water-soluble polymer. These changes, which are set to take effect on 16 April 2026, will see prices rise by at least USD 2 per kg.

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

This strategic move is essential for the company to maintain operational stability and continue the supply of Liquid Rubber and ISOBAM amidst the volatile market conditions.

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