LD Carbon Revolutionizes Sustainable Automotive Manufacturing
June 20, 2024, 9:37 pm
LD Carbon, a South Korea-based company, secures a $28M investment to scale production of sustainable carbon black and pyrolysis oil, leading the charge in the circular economy.
LD Carbon, a pioneer in recovered carbon black production, recently closed a $28M Series C funding round led by Woven Capital, Toyota's growth fund. This investment will propel LD Carbon's mission to divert used tires from landfills and support the development of high-performance recycled car parts.
The company's innovative pyrolysis and material recovery technology transforms end-of-life tires and material from vehicles into recovered carbon black and pyrolysis oil. This process not only reduces waste but also creates new automotive parts and tires, driving the circular economy forward.
Manufacturing carbon black traditionally results in significant CO2 emissions, but LD Carbon's approach offers a sustainable solution. By utilizing patented technology, LD Carbon achieves nearly 100% recovery of waste tires, providing an environmentally safe option for recovered carbon black and pyrolysis oil.
With a major plant under construction and plans to maximize productivity, LD Carbon is poised to deliver substantial value compared to virgin materials. The company's focus on sustainability aligns with the automotive industry's shift towards increased recycled content in vehicles, driven by regulatory requirements and consumer demand.
LD Carbon's CEO, Seong Mun Baek, emphasizes the company's commitment to improving the automotive industry's sustainability profile while reducing costs. Partnering with strategic investors like Woven Capital will enable LD Carbon to scale operations and support global OEMs in offering more environmentally friendly vehicles.
The company's existing plant in South Korea already produces over 7,000 tons of recovered carbon black annually, supplied to major tire and rubber product manufacturers. Additionally, LD Carbon has secured a long-term supply agreement for tire pyrolysis oil, further solidifying its position in the market.
As LD Carbon continues to expand its operations, including the construction of Asia's largest tire pyrolysis plant, the company remains at the forefront of sustainable automotive manufacturing. By co-developing key product specifications with industry leaders, LD Carbon is driving innovation and setting new standards for eco-friendly materials in the automotive sector.
LD Carbon, a pioneer in recovered carbon black production, recently closed a $28M Series C funding round led by Woven Capital, Toyota's growth fund. This investment will propel LD Carbon's mission to divert used tires from landfills and support the development of high-performance recycled car parts.
The company's innovative pyrolysis and material recovery technology transforms end-of-life tires and material from vehicles into recovered carbon black and pyrolysis oil. This process not only reduces waste but also creates new automotive parts and tires, driving the circular economy forward.
Manufacturing carbon black traditionally results in significant CO2 emissions, but LD Carbon's approach offers a sustainable solution. By utilizing patented technology, LD Carbon achieves nearly 100% recovery of waste tires, providing an environmentally safe option for recovered carbon black and pyrolysis oil.
With a major plant under construction and plans to maximize productivity, LD Carbon is poised to deliver substantial value compared to virgin materials. The company's focus on sustainability aligns with the automotive industry's shift towards increased recycled content in vehicles, driven by regulatory requirements and consumer demand.
LD Carbon's CEO, Seong Mun Baek, emphasizes the company's commitment to improving the automotive industry's sustainability profile while reducing costs. Partnering with strategic investors like Woven Capital will enable LD Carbon to scale operations and support global OEMs in offering more environmentally friendly vehicles.
The company's existing plant in South Korea already produces over 7,000 tons of recovered carbon black annually, supplied to major tire and rubber product manufacturers. Additionally, LD Carbon has secured a long-term supply agreement for tire pyrolysis oil, further solidifying its position in the market.
As LD Carbon continues to expand its operations, including the construction of Asia's largest tire pyrolysis plant, the company remains at the forefront of sustainable automotive manufacturing. By co-developing key product specifications with industry leaders, LD Carbon is driving innovation and setting new standards for eco-friendly materials in the automotive sector.