The South Korean pyrolysis operatior LD Carbon, has advised Tyre and Rubber Recycling that it is about to close a 10-year pyrolysis oil deal.
The contract will be with one of the largest oil companies in South Korea and is estimated to be worth around $25 million per annum for the next ten years.
The oil company plans on investing $7 million in LD Carbon, and the deal will be funded through a three-way investment agreement involving LD Carbon, the Oil Company and a Korean government-run bank.
In August 2022, LD Carbon secured an $11.5 million investment in Series A of the investme...
