Michelin’s ResiCare division and Axens have launched exclusive negotiations for a strategic partnership to industrialize and globally deploy 5-HMF (5-Hydroxymethylfurfural), a critical bio-based molecule for decarbonized chemistry. The molecule, developed in collaboration with IFP Energies Nouvelles (IFPEN), serves as a…
The rubber and tire industry has seen various developments over the last seven days, with key players worldwide reporting growth and expansions. Selected tire manufacturers’ share-price trends show a mix of increases and decreases, with Bridgestone Corp. rising by 1.9%…
Bekaert has partnered with Chinese steelmaker CITIC Special Steel to develop a closed-loop recycling project for tire reinforcement steel. The project aims to turn steel recovered from end-of-life tires into high-quality tire cord wire rod for new tire production. This…
Freudenberg Sealing Technologies (FST) has published a whitepaper addressing the stringent technical demands placed on sealing solutions in hydrogen (H2) energy systems. The document highlights the challenges across the entire H2 value chain—from electrolysers, compression, transport, and storage to fuel…
French tire giant Michelin has entered exclusive talks with engineering group Axens to fast-track the global commercialization of 5-Hydroxymethylfurfural (5-HMF), a bio-based molecule developed by Michelin’s ResiCare division in collaboration with IFP Energies Nouvelles (IFPEN). The molecule, produced from renewable…
French tyre giant Michelin has completed its third non-tire acquisition of 2025 with the takeover of Tex Tech Industries, a Maine-based specialist in coated fabrics and textile solutions. The deal, finalised on 1 July 2025, follows Michelin’s earlier purchases of…
Malaysian property giant Berjaya Group and China’s Wanli Tire have inked a €280 million joint venture to build a high-performance tire factory in Bukit Tagar, Selangor. The deal, signed on July 6, will see the partners develop the Wanli Malaysia…
The Liberian government has issued an executive order imposing an indefinite ban on exports of unprocessed natural rubber, effective 1 July. The order, signed by President Joseph Nyuma Boakai on 26 June, aims to boost local processing and manufacturing. It…
Michelin has launched the XHA3, a new-generation tire engineered for heavy-duty construction equipment such as loaders, articulated dump trucks (ADTs) and graders. Designed to meet rising productivity demands and support faster operating cycles, the XHA3 builds on the proven XHA2…
The European Chemicals Industry Council (Cefic) has sounded the alarm over proposed reforms to the EU Emissions Trading System (ETS), arguing that the current trajectory risks accelerating industrial decline across Europe. In a statement issued on 30 June, Cefic president…