Synthos signs a Memorandum of Understanding with Kumho Tire to jointly develop sustainable tire raw materials

Synthos signs a Memorandum of Understanding with Kumho Tire to jointly develop sustainable tire raw materials

Kumho Tire chooses Synthos as one of its key partners for sustainable development and seals the partnership during a ceremony in South Korea.

Synthos, a leading global producer of synthetic rubber, has announced the signing of a Memorandum of Understanding (MOU) with Kumho Tire, a leading South Korean tire manufacturer, for the joint development of sustainable tire raw materials.

Under the MOU, the two companies will conduct a joint research and development project for Neodymium-Butadiene rubber using Bio-Butadiene and expand the use of environmentally friendly synthetic rubber in tire manufacturing.

Dr. Malte Wohlfahrt, R&D Director, Synthos Synthetic Rubber, emphasized the importance of collaboration in the research and development of sustainable rubber and tire materials. "We are very pleased to be selected as one of Kumho Tire's key partners to strengthen its efforts to develop environmentally friendly tires. We strongly believe that we have the best chance to contribute to net zero mobility if we can work together with industry leaders like Kumho Tire, who has already produced tires made from 55% sustainable raw materials in 2022 and is currently developing tires made from 80% sustainable raw materials that will be launched by the end of 2023. Kumho Tire's impressive experience in developing tires with a lower carbon footprint combined with Synthos' extensive expertise in sustainable synthetic rubber will enable further carbon footprint reduction towards our shared goal of carbon neutrality by 2050."

Synthos, which has production facilities in Germany, the Czech Republic and Poland, has achieved ISCC+ certification for its entire portfolio of synthetic rubber products as part of its efforts to support tire manufacturers reduce their environmental impact. Synthos is the largest producer of synthetic rubber in Europe with a differentiated product portfolio and a strong sustainability-focused technology roadmap that includes solution styrene-butadiene rubber (S-SBR), emulsion styrene-butadiene rubber (E-SBR), high and low cis polybutadiene rubber (Nd-BR, Ni-BR and Li-BR) and recycled rubber powder.

About Synthos

Synthos S.A. is a manufacturer of chemical solutions and a major player in the global synthetic rubber market. Synthos focuses its research and development activities on helping its customers achieve their sustainability goals.

Synthos S.A. Capital Group's businesses include the manufacture and sales of chemical products used as raw materials and intermediates in a wide range of industries, particularly in the tire, construction, and packaging industries.

To learn more about Synthos, visit: www.synthosgroup.com