News from Notch Consulting, Inc.

March 7, 2008

EWI Signs Agreement for Tire Recycling Facility

Filed under: Carbon Black, Tire Recycling, Tires — Notch @ 8:54 am

Environmental Waste International, an Ontario-based company, has signed a memorandum of understanding with an Israeli company, TRD Instum Ltd., to form jointly-owned companies with the exclusive rights to EWI’s tire recycling technology in Israel and certain European countries. The MOU will remain in effect until the signing of a final agreement by May 30 2008. Under terms of the agreement, TRD will place an order for a TR1500, which is based on EWI’s recycling process that reduces tires to carbon black, oil, steel and non-condensable gases. The companies see this installation as a platform for entering the European and Middle Eastern markets.

Here is the press release for the agreement.

EWI’s tire recycling technology is a Reverse Polymerization process. Below is an excerpt from the company’s website discussing the process.

Reverse Polymerization breaks down scrap tires into basic components. This is achieved using the patented process that uses direct application of high-energy microwaves in a nitrogen environment. The oxygen-depleted environment prevents the formation of hazardous bi-products (e.g. dioxins and furans) that can form from oxidation processes. Reverse Polymerization is highly controllable as the microwave magnetrons have a variable output of up to 1.45 kW each (3.0 kW for medical waste). Each magnetron is individually controllable to apply the appropriate amount of energy to the scrap tire feed.

The carbon black produced from Reverse Polymerization can be used for new rubber production or other feedstocks. The steel is sold for recycling. From a 20 lb (9.1 kg) scrap tire, 7.5 lb (3.4 kg) of carbon black and 2.0 lb (0.91 kg) of steel are recovered, yielding a minimum 47.5% recycling rate. The remainder of the tire (oil and hydrocarbon gases) can be reused in the production of electricity.

March 5, 2008

Rhodia Announces Worldwide Price Increase of 12% for Precipitated Silica

Filed under: Silica — Notch @ 8:43 am

Lyon, France, March 4, 2008 – Rhodia Silcea announces a 12 percent price increase worldwide – with immediate effect – for its precipitated silica range to face the unprecedented rise in raw materials and energy costs.“Despite our best efforts to offset rising costs by productivity performance improvements, Rhodia Silcea is obliged to pass on the increase through the price of its silica to ensure sustainable margins,” explains Peter Browning, Global Silica Business Director, Rhodia Silcea.Rhodia Silcea continuously strives to counteract escalating costs with productivity programmes and other containment measures. However, the sustained magnitude of cost increases makes this price rise absolutely essential and unavoidable.

Here is the press release.

Huber’s price increase of February 1, 2008 for its specialty grade silica and silicates was largely successful, suggesting there is sufficient tightness in the silica market to support increases.

March 4, 2008

Continental Carbon India Investing $500 million in 2 Greenfield Units

Filed under: Carbon Black — Notch @ 1:11 pm

According to an article in the Economic Times, Continental Carbon India Ltd. (CCIL) has announced plans to invest Rs 2,000 crore (US$500 million) to build two greenfield plants to manufacture carbon black in India. CCIL plans to build one plant on each coast, in Gujarat on the west coast and either Tamil Nadu or Andhra Pradesh on the east coast. The plants will be export-oriented and each will have 300,000 to 350,000 tonnes of annual capacity. Combined with an expansion at CCIL’s existing plant Ghaziabad, these projects would take the company to 800,000 tonnes of annual capacity by 2012.

According to CCIL CFO Rakesh Dhamani,

We plan to make India our manufacturing hub to source carbon black for Europe and the Far-East markets, as it has a major export potential.

The projects will be funded through an equal ratio of debt and equity. According to Mr. Dhamani, CCIL is looking at bringing in the World Bank’s International Finance Corporation as a possible partner, but financing will not be finalized until locations are selected.

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