Rubber & Plastics News reports that Black Bear, a Dutch tire recycling company, has raised $12.8 million to refine its recovered carbon black (rCB) technology and start the global roll out of its cradle-to-cradle system. Black Bear has formed a new consortium with four partners: ING Group, investment firms 5square and Social Impact Ventures, and the Thai conglomerate SCG.
Black Bear’s industrial-scale prototype plant is located in Nederweert, Netherlands. It is capable of processing 1 million waste tires annually, thereby producing 5,000 metric tons each of rCB and bio-fuel, 3,000 tons of steel and one megawatt hour of green electricity per year. The new partnership aims to build up to 1,000 such plants worldwide.
[…] from venture capital firms Capricorn Venture Partners and Particon. This funding, combined with the money it raised in early September, will support advancements in its recovered carbon black (rCB) technology as well as the global […]
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