DAVOS, Switzerland—Atlanta-based Lehigh Technologies, a subsidiary of Michelin and manufacturer of micronized rubber powders from end-of-life rubber, has won the Young Global Leaders Award for Circular Economy SME (small to medium-sized enterprise) for The Circulars 2019.
The Circulars is an initiative of the World Economic Forum and the Forum of Young Global Leaders in collaboration with Accenture Technology, according to a news release.
The award recognizes small to medium-sized companies dedicated to innovation in the circular economy sector. Lehigh was honored for its continued work upcycling end-of-life tire materials.
Lehigh MRP said it ensures sustainability and stability in manufacturing costs for the tire industry and reduces dependence on oil-based chemicals.
"Tires made with Lehigh's MRP have better average fuel economy compared to tires made of less technological rubber powder and have saved a total of 20 million passenger car tire equivalents from landfills in more than 10 years," the news release said.
Lehigh will receive the award at a ceremony at the World Economic Forum meeting in Davos.