News from Notch Consulting, Inc.

June 23, 2017

Castleton Commodities invests in Delta-Energy

Filed under: Carbon Black, Tire Recycling — Notch @ 12:41 pm

Castleton Commodities International L.L.C. has bought majority ownership of Delta-Energy Group L.L.C., a resource recovery company providing recycling solutions to the tire industry, including a patented process to recover carbon black and marketable liquid chemicals from used tires.

Bridgestone Americas, which is considered an “early-stage investor” in Delta-Energy dating back to 2014, will continue to be an active, but minority, investor, Castleton said.

Proceeds from the investment will be used to develop a commercial-scale plant in Natchez, Miss., with an estimated daily processing capacity of 100 tons of end-of-use-tires. Delta-Energy’s commercial plant will recover carbon black and other basic materials for reuse in tire production and other rubber-related manufacturing processes, as well as liquid solvents and fuels. The investment will further expand CCI’s activities in the renewables sector, which today include nearly 20 biomass electric generation facilities, emissions trading and biofuels marketing.

Read more here.

Aeolus to expand China tire plant

Filed under: Tires — Notch @ 12:16 pm

A project to add 30,000 units per year of capacity for engineering tires, including jumbo tires, at Aeolus’ existing site in Jiaozuo, China was approved in May.

Read more here.

Nokian US tire plant groundbreaking set for August

Filed under: Tires — Notch @ 12:10 pm

“We’ll be building the most modern tire factory in the world,” Nokian’s Tommi Heinonen said about the $360 million facility that will be the Finnish manufacturer’s first in the United States.

As the Times Free Press reports, groundbreaking for the Dayton, Tennessee site of Nokian’s tire plant is set for August, with a 135-acre building pad planned to handle the first and potential added phases.

June 22, 2017

Citing new environmental investments, Continental Carbon announces carbon black price increase for US

Filed under: Carbon Black — Notch @ 1:53 pm

Continental Carbon (Houston, TX) has announced a carbon black price increase of $0.05/lb for all grades and all customers effective August 1, 2017 or as contracts allow. In a letter announcing the increase, Darryl Huntley, VP Sales and Marketing for Continental Carbon, provided several factors behind the move:

Our plants are in need of reinvestment income at the same time that we are implementing pollution control programs resulting from our extensive financial commitment to keep carbon black supply in the US. Obviously we cannot bear the costs for this commitment and improve our plant’s operational capabilities without passing along a portion of those costs to the customer base for whom the commitment was made.

Mr. Huntley goes on to note that,

This increase will initiate the recovery of a portion of the initial costs for our pollution control equipment installation and re-investment dollars for our facilities. This will not cover any of the current or future operational costs for the pollution control equipment.

Finally, the price increase announcement cites the fact that feedstock markets in the US continue to see an unfavorable differential between the HSFO indicator and the actual cost of delivered feedstock.

In addition to initial pollution control design and engineering costs, Phenix City continues to experience highly unfavorable oil costs as premiums to the HSFO indicator persist on the delivered costs of oil to that facility.

There are currently five carbon black producers in the United States. Among these, Cabot and Continental Carbon have reached consent agreements with the EPA regarding new pollution control measures for their US carbon black plants. Continental Carbon also recently announced a $60 million investment in cogen projects for its US plants. The three other carbon black producers in the US remain in talks with the EPA to resolve issues related to emission levels and scrubber technology for their US plants.

June 14, 2017

Monolith Materials features innovative solutions at Movin’On

Filed under: Carbon Black — Notch @ 5:51 pm

Monolith Materials, Inc., a next-generation manufacturer of natural gas-based carbon black, will illustrate how its process technology is revolutionizing the tire industry during the technology showcase at Movin’On by Michelin on June 14, 2017 in Montreal, Quebec.

Michelin launches new concept tire ‘Vision’

Filed under: Tires — Notch @ 5:40 pm

As part of its Movin’On 2017 conference, Michelin has presented Vision, a new concept tire, which is a fusion of a number of cutting-edge technologies. The tire is airless, connected, rechargeable, customizable and organic. It is also both a wheel and a tire at the same time. The Vision concept was produced through “design thinking and in co-construction with users.”

Read more here.

Hankook says production on schedule at Clarksville plant

Filed under: Tires — Notch @ 5:19 pm

Hankook Tire America Corp. said tire production continues to ramp up on schedule at its new $580 million plant in Clarksville, Tennessee.

The South Korean tire maker said commercial tire production will commence later this year, as planned.

“We are currently ramping up tire production at the facility as we hire and train employees,” the tire maker said in a statement. “While the plant is not producing tires for commercial distribution at this time, the plant is operational, and our production ramp-up is tracking with the updated timeline.”

The Tennessee plant is being constructed in four phases. When all four phases are complete, the plant will have the capability of producing 22 million tires a year.

June 13, 2017

Pirelli to suspend tire production at its plant in Venezuela.

Filed under: Tires — Notch @ 9:24 am

Due to lack of raw materials, Pirelli will shut down production lines at its tire plant in Guacara, Venezuela on June 16. Though the company views it as a temporary measure, as when production was suspended for a time in January and February, it has widely been reported as an indefinite pause.

China’s Himaxer has started trial production at its polyurethane tire project

Filed under: Tires — Notch @ 9:03 am

China’s tire maker Himaxer has started trial production at its 1.2 million unit-per-year polyurethane tire project in Yunfu, the company disclosed.

Located in the city’s Xincheng Industrial Park, the project spans about 86,000 square feet and is operated by Himaxer’s local subsidiary Bainaite New Materials. It has $44 million investment of scheduled investment and is estimated to generate $235 million in annual sales when in operation.

Read more here.

June 8, 2017

Update: Wanli parent company to invest $1 billion in South Carolina plant

Filed under: Tires — Notch @ 3:46 pm

Guangzhou Vanlead Group Co. Ltd., the China state-owned entity that controls Wanli Tire Group, plans to invest $1 billion in two phases over eight years to build a radial tire plant in Orangeburg County, South Carolina. The first phase will be a plant capable of producing 6 million consumer tires a year.

At the 2017 China(Guangdong)-U.S. Investment Cooperation Conference held in Guangzhou April 20-23, Fu Shoujie, Chairman of Guangzhou Vanlead Group Co., Ltd. and Alan Daniel Young,Executive Director of the Coordinating Council for Economic Development at the South Carolina Commerce Department, signed a project investment Letter of Intention as the respective representatives from both parties.

You can read the full press release here.

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