Michelin’s CO2 emissions-reduction targets have been validated by SBTi, a leading independent collaborative organisation in this field.
The success of the COP21 Paris Climate Agreement depends not only on the commitment of member States but also on the involvement of civil society and the private sector in collectively reducing greenhouse gas (GHG) emissions.
That’s why Michelin Group voluntarily submitted its CO2 emissions reduction targets to the SBTi for approval.
Michelin commits to reduce absolute scope 1 and 2 GHG emissions by +38% by 2030 from a 2010 base year. Michelin commits to reduce absolute scope 3 GHG emissions from fuel- and energy-related activities; upstream and downstream transportation and distribution; and end-of-life treatment of sold products by +15% by 2030 from a 2018 base year. Michelin also commits that +70% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2024.
Scope 1 emissions are generated by sources owned or controlled by the Company, while Scope 2 emissions result from the generation of energy that is purchased and consumed by the Company. Scope 3 covers emissions resulting from the company's business but generated by sources not owned or controlled by the Company.
Obtaining approval from SBTi represents a first step toward carbon neutrality by paving the way for net-zero Scope 1 and 2 emissions at all Michelin sites by 2050.
The SBTi method is also an opportunity for Michelin to strengthen its commitment to its suppliers, in order to increase their societal responsibility through targeted action on CO2 emissions reduction in the production of raw materials.
“Gaining SBTi’s approval of our CO2 reduction targets is additional proof of the pertinence of our environmental strategy. Michelin Group has great ambitions, fully in line with its strategy, and a very long-term vision with regard to the fight against global warming. I firmly believe that for all of our business lines, the current crisis is an opportunity to step up our activities, products and initiatives aimed at protecting the environment,” said Florent Menegaux, Michelin Group CEO
Enviro Signs LOI For Pyrolysis Technology Licensing In North America
- By TT News
- March 18, 2026
Scandinavian Enviro Systems AB publ has signed a letter of intent with an undisclosed partner to explore the possibility of licensing its advanced tyre pyrolysis technology for deployment in North America.
The collaboration will focus on conducting a comprehensive feasibility study to evaluate the technical and commercial viability of establishing one or multiple facilities dedicated to processing end-of-life tyres using Enviro’s proprietary method. This study is designed to provide the potential licensee with the necessary insights to assess the prospects of entering into a long-term commercial arrangement and formal technology licensing agreement.
It is important to note that any definitive agreements will depend entirely on the study's outcomes and subsequent negotiations. At this stage, there is no guarantee that the evaluation will lead to binding commitments or that the proposed transaction will ultimately materialise.
Fredrik Aaben, CEO, Scandinavian Enviro Systems, said, “We continue to see strong international interest in Enviro’s technology, and this letter of intent is yet another proof of this.”
Kraton Corporation Announces Price Hike For Polymer Products
- By TT News
- March 17, 2026
Kraton Corporation, a leading global producer of speciality polymers and high-value bio-based chemicals derived from pine wood pulping co-products, a global price increase for all polymer products with effect from 1 April 2026. The price hike will range from USD 440 per MT to USD 700 per MT, or as individual contract terms permit, with the exact price change varying according to the polymer type and production location.
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.
LANXESS Announces Price Hike For Rubber Additives
- By TT News
- March 16, 2026
German specialty chemicals company LANXESS has announced a global price increase for its portfolio of functional additives for the manufacture of tyres and speciality rubbers. These changes, which are set to take effect immediately or as soon as individual contract terms permit, will see prices rise by 15 to 50 percent.
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 geopolitical conflict, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.
Orion S.A. Announces Price Hike For Speciality Carbon Black
- By TT News
- March 14, 2026
Orion S.A., a global speciality chemicals company, has announced a global price increase for its portfolio of speciality carbon black. These changes, which are set to take effect immediately or as soon as individual contract terms permit, will see prices rise by up to 25 percent.
In a strategic move to address persistent market volatility, the company is also implementing a variable surcharge on top of the base price increase. 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.
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