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Bangkok Post

Announcement of Investment Participation in Tyre Pyrolysis Recycling Business in Thailand

HANWA THAILAND CO., LTD. ('HANWA THAILAND'), a subsidiary of HANWA CO., LTD. ('HANWA'), has made a partial investment in PYRO ENERGIE CO., LTD. ('PYRO'), a tyre pyrolysis recycling company based in Thailand. Currently, a huge amount of used tyres and off-spec products from the tyre manufacturing process, are generated throughout the world. This has led to increasingly serious environmental issues caused by the illegal dumping and landfilling of waste tyres. While HANWA Group currently supplies tyre chips produced by shredding waste tyres as a low-impact energy source to industrial users in Japan, pyrolysis has become the dominant recycling method in many overseas markets. This process is decarbonization of waste tyres in an oxygen-free environment to produce valuable byproducts such as pyrolysis oil and carbon residue which can be reused not only as fuel but also as raw materials for new tyre production. Through this investment in PYRO, HANWA Group aims to enhance the value of pyrolysis derived products and build a global supply chain in partnership with tyre manufacturers. Our products will be supplied to the chemical industry, synthetic rubber sector and tyre manufacturers, contributing significantly to the advancement of a sustainable circular economy. HANWA and HANWA THAILAND have obtained the 'ISCC PLUS' and 'ISCC EU' certifications, which are part of the International Sustainability and Carbon Certification (ISCC) system.