LD Carbon secures $28M funding for sustainable tire recycling

LD Carbon, a leading producer of recovered carbon black, has recently concluded a successful Series C funding round, raising $28 million. The investment, spearheaded by Woven Capital, Toyota's growth fund, and supported by key players in the financial and automotive sectors, will empower LD Carbon to enhance its capabilities in recycling end-of-life tires and materials from end-of-life vehicles into valuable resources.

Utilizing advanced pyrolysis and material recovery technology, LD Carbon is dedicated to promoting a circular economy by minimizing waste and carbon emissions while offering eco-friendly solutions to a global clientele.

One of LD Carbon's standout features is its innovative pyrolysis and material recovery process, which enables the near-complete recovery of waste tires. This sustainable approach provides a green alternative to traditional carbon black manufacturing, resulting in high-performance recovered carbon black and pyrolysis oil that can be utilized in automotive components and tires.

As the automotive industry increasingly prioritizes sustainability, LD Carbon's mission aligns with the rising demand for recycled content in vehicles. By establishing strategic partnerships and investments, LD Carbon is poised to meet the evolving needs of global OEMs striving to enhance the sustainability of their products.

The company's current production facility in South Korea boasts an annual capacity of over 7,000 tons of recovered carbon black, catering to major tire and rubber product manufacturers. Additionally, LD Carbon has secured a long-term supply agreement for tire pyrolysis oil with SK Incheon Petrochemicals and is in the process of constructing Asia's largest tire pyrolysis plant in Dangjin City, Chungcheongnam-do, scheduled for completion by 2024.

LD Carbon's dedication to sustainability and innovation has solidified its position as a key player in driving the automotive industry towards greener practices. Through cutting-edge technologies and strategic collaborations, LD Carbon is paving the way for a more environmentally friendly future in automotive manufacturing.