The European Union will impose a comprehensive import ban on Russian carbon black

At present, the European Union has implemented import quotas for Russian carbon black and plans to implement a comprehensive import ban on Russian carbon black from July 1, 2024.

Recently, the Swedish waste tire pyrolysis company, Inviro, noticed that the latest round of sanctions implemented by the European Union against Russia will increase the demand of European rubber tire companies for Inviro's recycling of carbon black and related products. The company has revealed that people's attention to recycling carbon black and pyrolysis oil has been increasing recently, and there are constantly new and old customers calling to inquire about related businesses.

Due to the presence of carbon black in the European market, a large amount comes from Russia, Ukraine, and Belarus. In this new situation, the European Union is also seeking to reduce its dependence on Russian oil, which will also affect the supply of carbon black. Therefore, as the EU increases its trade sanctions against Russia, many European companies are reviewing and evaluating the feasibility and long-term risk assessment of importing carbon black supply chains from different countries.

Mr. Thomas Sorensen, Chief Executive Officer of Inviro, believes: "It is important to fully understand the situation of carbon black supply in the European market. We are currently monitoring the development of this situation, as EU companies may face a shortage of carbon black supply, and rCB will become a new choice