NOKIA, Finland—In an effort to reach a key sustainability target, Nokian Tyres P.L.C. has entered a long-term purchase agreement for recovered carbon black with a tire recycling joint venture.
Nokian said in a Feb. 8 press release that the deal, signed with the Antin Infrastructure Partners and Scandinavian Enviro A.B. JV, will help the tire maker increase the share of recycled and renewable raw materials in tires to 50 percent by 2030.
The JV is establishing end-of-life tire recycling plants across Europe, seeking a total capacity to recycle up to 1 million metric tons of ELT annually by 2030.
The first plant located in Sweden—construction of which broke ground last month—is expected to be fully operational by 2025. Deliveries for Nokian will begin in 2026, the tire maker said, noting it has been using rCB in a commercial product line since 2022.