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Capricorn and Particon add €5 million to Black Bear’s growth financing round

11/8/2018 - Nederweert, The Netherlands - Cleantech company Black Bear has secured an additional €5 million from Capricorn Venture Partners and Particon, who join an earlier €11 million growth financing round. Using this growth capital, Black Bear aims to scale up its “Tire to Carbon Black” technology, a unique carbonization process used to transform tires into recovered carbon black for use in the production of tires, technical rubber, coatings, plastics and inks. Black Bear operates an industrial-scale prototype plant in partnership with Kargro, one of Europe’s foremost recyclers of tires. The plant, located in Nederweert, the Netherlands, is capable of processing more than 1 million tires annually. The recovered carbon black is Cradle-to-Cradle certified and is already used by major clients, including AkzoNobel. Black Bear will use the capital to further develop this industrial-scale prototype plant and expand internationally. The company’s long-term goal is to upcycle all waste tires into valuable products, which would achieve CO2 emission reductions equivalent to the planting of more than 1 billion trees. Capricorn Venture Partners is an independent European manager of venture capital and equity funds, investing in innovative European technology companies. It is based in Leuven, Belgium. Particon is an independent venture capital firm with more than 10 years of VC experience in the region of Limburg, the Netherlands. In the previous stage of the financing round, ING sustainable investments, the two investment firms 5square and Social Impact Ventures, as well as the conglomerate SCG from Thailand, invested €11 million. This further funding brings the total financing round to €16 million. Rob van der Meij of Capricorn Venture Partners says, “Sustainability for our sustainable chemistry fund does not only mean bio-based resources. Black Bear is a great example of a true circular economy company; recycling carbon black, which has an enormous CO2 footprint, and solving a large waste tire problem at the same time. The low cost and high-quality potential of Black Bear enables a large roll-out that will have a positive impact on the environment and create sustainable, local economies around waste tires all over the world.” Gert van Heuvelen, Particon says: “We have been following Black Bear over the last three years. The company has developed into a promising circular economy scale-up in the Limburg region, showing that sustainable impact can be combined with great economics. We believe that the talented team supported by the strong investor base is well positioned for international growth.”

Wednesday, November 14, 2018

Yokohama Rubber revises fiscal projections downward - click to expand

Cooper Tire names two to the board of directors - click to expand

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Latexco US announces major western expansion - click to expand

Trinseo reports positive third quarter results - click to expand

Tuesday, November 13, 2018

International Rubber Conference 2019 to be held September 3-5, 2019, in London - click to expand

China imposes anti-dumping nitrile rubber tax on Japan and South Korea - click to expand

Toyoda Gosei invests in Hubei Rock Rubber and Seal Technology Co. - click to expand

Lexus ES to use Dunlop SP Sport Maxx line of tires as original equipment - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Denka completes construction of Omi Innovation Hub in Japan - click to expand

Monday, November 12, 2018

Tingley Rubber Corporation wins NJ Family Business of the Year Award - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

BKT to build tire manufacturing plant in the U.S. - click to expand

Apollo Tyres' chairman decorated with Japan's Order of the Rising Sun - click to expand

Vietnam's rubber export value stable despite decline in latex - click to expand

Friday, November 9, 2018

Global non-pneumatic tire market forecast to grow at a CAGR of 11 percent through 2024 - click to expand

Global tire manufacturers sign initiative to end global deforestation - click to expand

Book of the day - Rubber Molding Principles - click to expand

Nynas celebrates 90th anniversary - click to expand

Goodyear announces price increases up to 4 percent for commercial tires and retreads - click to expand

Thursday, November 8, 2018

Mitsubishi takes 20 percent stake in Toyo Tire & Rubber Co. - click to expand

Federal judge allows lawsuit against Denka-owned chemical plant to go forward - click to expand

Goodyear Auto Service and Just Tires offer free Checks for Vets - click to expand

Global fumed silica sales are likely to surpass 335,000 metric tons in 2018 - click to expand

Capricorn and Particon add €5 million to Black Bear’s growth financing round - click to expand

Wednesday, November 7, 2018

Wabash MPI/Carver inducted into Indiana Manufacturers Hall of Fame - click to expand

Monday, November 7, 2018

MonTech to speak at Michigan Rubber Group and Mid-Atlantic Rubber Group - click to expand

Market Reports

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

Global non-pneumatic tire market forecast to grow at a CAGR of 11% through 2024 - click to expand

Global fumed silica sales are likely to surpass 335,000 MT in 2018 - click to expand

Global waterproof tape market forecast to reach $14 billion by 2024 - click to expand

Global rubber gloves market forecast to reach 4.9 billion by 2026 - click to expand

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