Can you tell us about the background of Radhe Renewable Energy and what was the idea behind the development of the 100 MTPD  single reactor continuous pyrolysis plant?

During our travels around India 25 years ago, we used to find farmers burning the agricultural stubble and waste to clear the fields for the next sowing. This used to cause a lot of pollution. With our understanding of hydrocarbons, we decided to create resource out of this waste. We started Radhe Renewable Energy with the idea of creating green fuels from many types of wastes that caused pollution and were a big disposal issue then. Our initial projects were to convert agricultural waste into valuable briquettes which replaced conventional fossil fuels like coal and furnace oil.

Being a hardcore and focused waste-to-energy company, we understood the chemistry of biomass and the future potential of green fuel from biomass. We persisted to find ways to convert rural agricultural waste into wealth with green environment and for sustainable growth of rural India. Our creative and dedicated team moved forward to develop biomass gasification technology to replace fossil liquid fuel in process industries like ceramics, chemical and steel industries with the use of solid biomass briquettes. We were the first company to develop and manufacture industrial scale size biomass and coal gasification technology and replace complete liquid fuel from ceramic industries near Rajkot, India. This reduced the import dependency of coal as fuel. Our team understands the mindset of process industries. We continuously strive to develop technologies that are not only cutting edge but which also create value for the capital invested. We understand that the lifecycle cost is as important as the acquisition cost in India and the other Asian markets. Last but not least, we are completely dedicated to operational safety and sustainable solutions for our clients.

Radhe Renewable Energy has supplied more than 500 biomass and coal gasification technology plants to the various process industries with successful track record in synchronising clients’ processes with gasification. Over this period, our team has gained considerable experience working with big corporates of India (process houses like TATA chemical, H&R Johnson tiles, Somani, Vedanta group, Mahindra, Steel Ispat etc.). We also gained the experience of major process of steel, drying, fertilizer, petrochemical, food, pharma, rubber and mineral industries.

It was in the year 2006 that we started working on a project to convert waste tyres and municipal solid wastes into valuable products. We were the first amongst many who saw the potential of converting this waste into green fuels at that time. We already had lots of experience to convert biomass into char to get charcoal and gas with fast pyrolysis.

What kept you investing in and developing the continuous pyrolysis technology when everyone else was selling thousands of cheaper batch type plants in India?

Equipped with the vast experience that our team had of all process industries, we knew that we wanted to do a revolutionary work in this tyre pyrolysis field too. Hydrocarbon is a big subject. You must handle them properly with full safety, environmental concern, and efficient and stable operation. You cannot think for cheaper batch type technology. We just did not want to do what other small companies were involved in – basically, copying environmentally non-compliant batch type plants from China and selling it in India. The batch type plants were very unsafe to operate, leading to many fires and explosions. The smell and the gases released have affected thousands of people in the last 10 years of their operations across Indian towns and cities.  

We chose to take the higher road. We decided to develop and build the best technology plant that India will be proud of. It was an uphill task with huge work and investments involved. It took about three years for a lab scale trial plant to come up. We started scaling up later. It has taken us more than seven years to reach our patented full commercial scale 100 TPD single reactor continuous waste tyre pyrolysis plant.

We can proudly boast that we could perhaps be the only manufacturer to have the largest single reactor 100 TPD continuous plant running successfully for the last nine years. It is sometimes hard to believe that an Indian company can develop and deliver a global technology that can challenge the world in price and performance. The world is amazed with what they see when they understand our technology and offerings. Today, we can offer plants meeting European standards and compliances at about one-fourth of the cost of the European manufacturers. None of them have a 100 TPD show plant operating for as long as we have.

How was the journey in developing indigenous technology for upgrading Recovered Carbon Black (rCB)?

Since the last 25 years, we been working with hydrocarbons, and we know the importance of carbon in daily life. Conventional world is producing carbon black from firing of furnace oil with highly polluting industrial process. At present, the world has few options in making carbon black. These processes consume lots of natural resources and are polluting in nature. Carbon is backbone for many products like rubber, tyre, plastics, Bakelite, minerals, graphite, metal etc. With waste tyre pyrolysis process, we are deriving carbon free without use of any natural resources and without any polluting process. Our continuous pyrolysis process is completely environmentally friendly with almost zero discharge. This process also generates surplus energy for other applications. We understood the importance in upgrading the carbon char generated during the process and worked on it for the more than three years. We were finally able to develop the process to upgrade the rCB to commercial grades successfully. Our rCB is a much sought-after derivative in the Indian market and is being exported across the globe.

How do you evaluate the tyre industry in India? What makes you bet on the carbon black business?

The Indian tyre industry is on a phenomenal growth trajectory and is now very receptive to ideas on sustainability and reuse of recycled materials. We are in active dialogue with many rubber and tyre companies for exploring opportunities to work together with regards to the production and usage of our rCB,

Silica is being aggressively adopted by the tyre industry as a reinforcement material due to tightening of the safety and environmental norms? How will this, according to you, pose a challenge for the rCB industry?

Silica is a useful ingredient of tyre and rubber, which is also found in rCB. As silica is extensively being adopted by the tyre industry, we feel our rCB is absolutely apt for the tyre industry. This will meet both their objectives together – sustainability and reinforcement.

Could you highlight the production capabilities?

Currently, we have 750-800 MT/month rCB production capacity. In the next two years, we will have 300 percent of this capacity in India and about 400 percent of this capacity in the rest of the world. Our brand is Hi-Green carbon black.

Could you talk about the markets the company taps? Are you looking to tap new markets?

We have now opened our doors to companies wanting to set up tyre pyrolysis plants with carbon upgradation systems. The response is overwhelming. We have inquiries coming from all over the world. Initially, people were sceptical if we really had done what we say. They are impressed when they visit our facility. We are now in active dialogue with at least 5-6 companies across Europe and the USA. The future looks very bright.  

Do you think there is a need for further collaboration between CB producers and tyre companies?

Yes … definitely, this is a marriage that will last. Tyre companies will be able to complete the circular economy loop. It is a win-win for all.

What are your future plans?

To establish high capacity plants in highly aware European, US, UK and Australian markets and create an ecosystem for high quality tyre-derived oil and rCB. We have started the process to appoint channel partners in Europe and many other strategic markets. We will have our footprints in these markets in the next 24 months.

What are the challenges in the business?

Opportunities and challenges are two sides of the same coin. We always felt that most companies look at the path of least resistance and miss out on the major learning which leads to greatness.

We have built the technology on our own. We have had to invest into the development with our own resources. If we were in Europe or other first world countries, we would have had access to low-cost funding, especially for R&D.

The other challenges in India and other Asian markets are the ever-changing government norms. Quite often, we find that these environmental norms do not have any ground connect. The norms are often formed without proper evaluation of technology merits and guided by local sources. For example, waste tyres are still classified in the hazardous waste category. Strangely, coal and biomass does not classify as hazardous waste. We fail to understand the logic behind such norms. These matters hinder the growth of the right technologies.

Despite all these challenges, we have been able to make our mark in the country.We now look forward to setting our footprints across the globe. (TT)

Eurogrip Tyres, the leading tyre manufacturer in India, showcased its premium two-wheeler tyres at the 17th edition of Feria 2 Ruedas (F2R) International Motorcycle exhibition held at Plaza Mayor, Medellin, Colombia. The dates of this high-profile business event in South America's two-wheeler sector are 15–18 May 2025.

For more than 17 years, the Feria de las 2 Ruedas (F2R) has been the leading motorcycle industry event in Latin America. The expo, which takes place every year in Medellín, Colombia, is a vibrant venue for commerce, innovation and growth in the motorcycling sector. Additionally, it gives aficionados the chance to investigate the most recent developments and trends in the industry. The company showcased its premium lineup at exhibit N24 in the Tented Pavillion, which included a range of sport touring, off-road and trail tyres. High-performance versions including the Roadhound, Protorq Extreme, Trailhound STR, Climber, Bee Connect, Terrabite DB+ and Badhshah LX were on display.

P Madhavan, Executive Vice-President – Marketing & Sales, TVS Srichakra Ltd, said, “Eurogrip is focused to deliver innovative products for the global markets. Latin America is a priority market for us, and F2R Expo is a promising platform to engage with our target audience. We are looking forward to interesting business opportunities arising from this expo. Such specialised industry tradeshows add exceptional value to our quest in becoming a leading global tyre brand delivering world class tyre technology.”

Denka Company Limited announced it would record an extraordinary loss of approximately 16.1 billion yen (£85.8 million) as an impairment on manufacturing facilities at its US subsidiary. It will indefinitely suspend chloroprene rubber production at the Louisiana plant.

The Japanese chemical manufacturer, which holds a 70 percent stake in Denka Performance Elastomer LLC (DPE), cited mounting operational challenges, including unexpectedly high costs for pollution control equipment and declining production volumes at the American facility.

“DPE has faced significant cost, production and other challenges at its facility in the United States,” the company said in a statement. “Rising costs are attributable to, among other factors, identification, design, purchase, installation, and operation of pollution control equipment to reduce chloroprene emissions that DPE did not anticipate being required when it acquired the facility from E.I. DuPont de Nemours and Company.”

The subsidiary was established in December 2014 and acquired the chloroprene rubber business from DuPont in November 2015. The Louisiana facility was intended to serve as a second manufacturing site in North America, complementing Denka’s Omi Plant in Itoigawa, Niigata, Japan.

However, according to the company statement, DPE has struggled with multiple operational issues, including “rising energy costs and a shortage of qualified staff necessary to operate new pollution control equipment and implement other emission reduction measures. “

Production volumes have declined partly due to “operational restrictions arising from the pollution reduction measures and unscheduled plant outages associated with supply chain disruptions and severe weather events,” Denka said.

The company noted that these challenges, combined with changes in the global economic environment for chloroprene rubber, have pressured profitability, making near-term improvement difficult.

Denka confirmed that DPE employs 250 people as of December 2024 and will not restart its chloroprene rubber manufacturing facilities following a regular maintenance shutdown. Instead, “all options for the business, including a potential sale of the business or its assets, will be considered,” the statement said.

The company emphasised that “no decision regarding a permanent closure of the facility has been made at this time.”

Customers will continue to be supplied from current inventories and production at the company’s Omi Plant in Japan.

DPE is 70 percent owned by Denka USA LLC, a wholly owned subsidiary of Denka Company Limited, and 30 percent by Diana Elastomers, Inc., a subsidiary of Mitsui & Co., Ltd.

Yokohama Rubber reported a 56.9 percent year-on-year decline in profit attributable to owners for the first quarter of 2025, despite posting a 9.0 percent increase in sales revenue.

The Japanese tyre maker recorded a profit of 8.53 billion yen for the three months ended 31 March, down from 19.8 billion yen in the same period last year. Business profit fell 3.2 percent to 24.07 billion yen, while sales revenue rose to 275.12 billion yen.

The company maintained its full-year forecast, projecting an 11.4 percent increase in sales revenue to 1.22 trillion yen and an 8.8 percent rise in profit to 81.5 billion yen for the fiscal year ending 31 December 2025.

Yokohama Rubber attributed the profit decline to one-time costs related to its February acquisition of Goodyear’s off-the-road (OTR) tyre business, which it purchased for approximately 143 billion yen.

“Profit from existing businesses was strong,” the company said in its earnings statement. “In addition to increased sales volume for the company’s consumer tyres, mainly in overseas markets, and continued expansion of sales of high-value-added ADVAN, GEOLANDAR, and Winter tyres as well as high-inch tyres, profit was boosted by the MB segment’s MIX improvements and structural reforms.”

The tyre segment, which accounts for 91percent of the group’s consolidated sales revenue, saw a 10.4 percent increase in sales to 250.32 billion yen. Original equipment tyre sales were higher year-on-year, driven by “strong sales in Japan of vehicle models equipped with YOKOHAMA tyres and expansion of shipments for Chinese automakers’ new energy vehicles,” the company said.

Replacement tyre sales also increased, supported by higher sales of summer and winter tyres in Japan, increased sales of high-inch tyres in Europe, and stepped-up sales efforts in Asia.

The MB (Multiple Businesses) segment, which represents 8.4 percent of total sales, experienced a 3.2 percent revenue decline to 23.02 billion yen. This was attributed to lower demand from construction machinery makers in Japan and automakers in North America.

The company described an “upbeat” business sentiment in Japan for the quarter, noting that “a steady recovery in inbound demand and increasing orders for construction and logistics projects compensated for weak consumption by domestic households curbing spending in response to rising prices of consumer goods.”

Overseas, the company observed rising inflation concerns weighing on consumer spending in the United States, while in Europe, “manufacturing industries are rebounding and corporate business sentiment is improving.” In China, personal consumption was boosted by the Spring Festival holiday, but high US tariffs “reduced China’s exports and created uncertainty about the future that is weakening industrial activity.”

Swedish speciality chemicals firm Nynas reported solid financial results for 2024, posting an Adjusted EBITDA of 1,333 million Swedish kronor, marginally higher than the 1,316 million kronor recorded in 2023.

The company, which specialises in naphthenic speciality oils and bitumen products, attributed its performance to operational efficiency and commercial success in its niche markets.

“We are delighted with the progress made during 2024, evidencing our right-sized cost base and a more targeted commercial and manufacturing footprint. We have redefined our strategic direction, positioning Nynas as a speciality chemicals company, enabling the energy transition and setting our course for 2035,” Nynas CEO Eric Gosse said in a statement.

The firm highlighted strong cash generation from operations, which it said would support planned investments and longer-term growth initiatives. Nynas also mentioned the ongoing transformation of its Harburg site with plans to monetise the asset eventually.

All three of the company’s production facilities maintained high operational reliability between 95 percent and 99 percent. The Nynäshamn refinery achieved a notable milestone: in May 2024, it set a new monthly production record for naphthenic speciality oils at 42,000 tonnes.

Strategic pivot towards sustainability

Nynas outlined a strategic shift focused on higher-margin speciality materials with sustainable characteristics. The company aims to strengthen its position in European markets through innovation and sustainability initiatives.

“Nynas is uniquely positioned to contribute to the energy transition. Our strategy reflects our purpose to advance a more sustainable society, and our product development pipeline is fully aligned with this goal," Gosse added.

In 2024, the company received an EcoVadis Gold rating, placing it in the top 5 percent of globally rated businesses for sustainability performance.

With consecutive years of strong financial performance, Nynas indicated it continues to monitor debt capital markets to optimise its capital structure “at the appropriate time potentially”.

The Swedish chemicals producer noted that, having ceased operations in the United States in 2022, it remains largely insulated from recent global trade tensions surrounding US import tariffs. The company imports only minimal feedstock from America, shielding it from potential cross-border trade disputes.