Japanese trading group Hanwa invests in Thai tire pyrolysis business

Tokyo – Japanese trading group Hanwa Co. Ltd has made a partial investment in Pyro Energie, an end-of-life tire (ELT) pyrolysis company in Thailand.

The acquisition was made through Hanwa Thailand, a subsidiary of Hanwa Kogyo which specialises in steel structures, said Hanwa in a 9 July statement without offering further details.

Established in Ayutthaya Province, Thailand, in 2016, Pyro Energie has a processing capacity of 100 kilotonnes per annum and obtained its ISCC+ certification in 2023, said Hanwa.

The acquisition adds to Hanwa’s existing tire recycling operations, through which it supplies ‘tire chips’ to industries as an energy source.

Through investing in pyrolysis technologies, the group aims to increase the added value of waste tires, from which pyrolysis oil and recovered carbon black can be obtained.