Michelin to invests $30 mn on new tyre recycling plant in Chile

Michelin has announced to invest in the construction of its first tyre recycling plant. The tyre manufacturer has invested $30 million for the construction of a new generation tyre recycling facility in Chile. Michelin has tied up with Swedish company Enviro which has developed a patented technology to recover black carbon, pyrolysis oil, steel and gas from end-of-life tyres.

Source: Financial Express