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Essen, Germany – Evonik Venture Capital has invested in two sustainability funds: Azolla Ventures I and the Chrysalix Venture Capital’s Carbon Neutrality Fund. Both companies are looking into CO2 reduction technologies, with Azolla focused on North America and Chrysalix globally. This is Evonik’s venture capital arm’s first investment using the new €150 million Sustainability Tech Fund. All parties have agreed to not disclose the amount of the investment.

Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on July 21, 2022 to shareholders of record as of the close of business on July 7, 2022.

The EV industry needs electrically-conductive gaskets that combine proven environmental resistance with reliable shielding against electromagnetic interference (EMI) and radio frequency interference (RFI).

The U.S. Tire Manufacturers Association (USTMA) is hosting a Capitol Hill virtual fly-in June 14-16 for its Tire Manufacturing Ambassadors to raise awareness about issues important to the U.S. tire manufacturing sector and the communities it serves. The Ambassadors represent USTMA’s 12 member companies, and the annual event provides the opportunity to share perspectives on industry economic impact, innovative infrastructure solutions, and sustainability with elected officials who make policy that impacts manufacturing.

Cooper Standard announced the promotion of Amy Kulikowski to vice president, chief accounting officer effective July 11, 2022. She replaces Becky McCabe who is departing the company to pursue other career opportunities.

– Sumitomo Chemical Co., Ltd. and U.S.-based Newlight Technologies, Inc. have started the joint development of polypropylene (PP) compounds for use in automobiles and textile applications using a carbon-negative biomaterial produced by microorganisms from methane called AirCarbonTM.

Sumitomo Rubber Industries, Ltd. announced their “Performance Sustaining Technology,” which utilizes hydrogenated polymer to extend tire performance life, has won the “Tire Technology of the Year Award” at this year’s “Tire Technology International Awards for Innovation and Excellence.” Recognizing outstanding advancements in tire technology, this prestigious awards ceremony served as one of the opening highlights of “Tire Technology Expo 2022,” which is being held this May 18th through 20st in Hannover, Germany.

Dearborn, MI – Ford filed a motion to intervene on the side of the EPA against a challenge to California’s ability to protect public health and combat climate change by setting vehicle emissions standards. Ford has consistently supported stricter greenhouse gas standards even when EPA did not, and this suit continues Ford’s leadership as the only U.S. automaker to stand with California in support of stricter vehicle emissions standards in 2019.

Hankook Tire has launched the Ventus iON S, the first summer tire in a new product range that has been specifically designed for electric vehicles. By taking this approach, the company wants to make a decisive contribution from a tire choice perspective to advancing the mobility transition towards zero-emission vehicles. The new summer tire is a pioneer of the new, global “iON (pronounced as /ai’on/)” tire family designed for premium electric vehicles, which will include the Hankook Winter i*cept iON in September 2022.