Industrial reshaping transforms waste tires into "black gold", and listed companies enter the market to dig gold

The "underground refinery" has faded from the spotlight, and the low consumption and harmless recycling of waste tires has received great attention. On the other hand, the country has recently added tax rebates for the production of recycled oil from waste tires and rubber products, as well as for cracking carbon black, which further stimulates the enthusiasm of industrial capital to enter the market.
The rise and fall of the industry can be observed from the direction of fixed capital expenditure by industrial companies, The person in charge of Hengyu Environmental Protection (688309. SH), a high-end tire cracking equipment supplier, told the Associated Press: "Last year, the price of bulk products increased, which also drove up the prices of recycled oil, cracking carbon black and other products. The prosperity of the waste tire cracking industry continues to rise, and their willingness to purchase new equipment from the company has significantly increased, and the company's order execution has significantly strengthened
Flourishing Waste Tire Disposal Industry
The industry is strong in the east and downstream orders are abundant. In the first quarter of this year, Hengyu Environmental Protection signed three new tire cracking production line contracts with a total contract price of 90.65 million yuan.
In addition, the company's performance in the first quarter also reversed, with a revenue of 39.4015 million yuan during the reporting period, a year-on-year increase of 101.15%; The net profit attributable to non parent companies was 11.542 million yuan, a year-on-year increase of 847.18%. The company also accelerated its cash withdrawal efforts and achieved operating cash flow of 19.9881 million yuan in a single quarter, a year-on-year increase of 213.48%.
At the same time, Hengyu Environmental Protection also put forward a buyback plan, which proposed to use its own funds to buy back shares in the Secondary market of no less than 10 million yuan (inclusive) and no more than 20 million yuan (inclusive) at a price of no more than 21 yuan/share (inclusive). The repurchased shares will be fully used to implement employee stock ownership plans or equity incentives, and the company's major shareholders will also release lock-in plans.
In the field of waste tire recycling, New Element Technology (300472. SZ) has also conducted a deep layout. The company's interactive platform said that the company's green and intelligent Pyrolysis recycling technology has overcome many technical problems of intelligent production equipment for tire recycling, such as pyrolysis carbon black modification and granulation. In addition, some equipment of the company's first phase tire cracking project has been put into trial production.
In addition, Shuangxing Group's Pyrolysis plant for waste tires is about to be completed. The company's tire cracking technology and equipment can achieve 100% utilization of waste tires. Through Pyrolysis of waste tires, oil, carbon black, steel wire, and combustible gas can be produced, which can be fully utilized and dried. For every 10000 tons of waste tires cracked, 11000 tons of carbon dioxide emissions can be reduced.
On the other hand, the State Taxation Administration has significantly increased the proportion of tax rebates for waste tires, cracked carbon black and other products, which also makes the industrial companies more affluent.
A downstream tire cracking customer of Hengyu Environmental Protection introduced to a reporter from Cailian News Agency, "The rebound in oil prices has driven up the price of tire cracking products. Based on the value-added tax payment of around 8 million yuan last year, if the 70% tax refund ratio in the new policy is used, the annual cost savings will exceed 5 million yuan.
Upgrade of pyrolysis carbon black process
Industry insiders have told the Associated Press that there are two important prerequisites for the industrial application of pyrolysis carbon black. One is the cracking rate of pyrolysis carbon black, and the other is the ability and quality of stable supply. The quality and scale of the final product should be matched with industrial grade rubber and rubber plastic users.
The context of industrial upgrading often arises from equipment manufacturers and thrives among industrial companies.
As a "shovel seller" in the cracking industry, a senior executive of Hengyu Environmental Protection Company told reporters: "In terms of waste tire treatment, Hengyu Environmental Protection has industrial continuous waste tire whole tire cracking technology and equipment, which does not require crushing of waste tires, reduces treatment processes, significantly reduces treatment energy consumption, and in the context of dual carbon, the economic and social benefits of customers will be improved
A person in charge of a large tire enterprise in Shandong told reporters, "The main product produced by the earliest refinery cracking was recycled oil. Carbon black is actually carbon residue, which is basically treated as waste. However, with industrial upgrading, it has been applied in low-end scenarios such as rubber hoses and conveyor belts
The person continued, "Currently, there is relatively little use of waste tire pyrolysis carbon black in commercial and passenger car tires, but research and development and upgrading of waste tire pyrolysis technology is an important direction for industry development. Cracked carbon black has products that can rival industrial carbon black in key data such as tensile strength, and can already be used in low-speed tires
It is worth mentioning that Linglong Tire (601966. SH) signed a comprehensive strategic cooperation agreement with Klintyre Environmental Protection Technology Co., Ltd. in April this year to jointly promote the full life cycle recycling of tires, marking the official linkage between tire manufacturing and recycling of waste tires.
Both parties will rely on Clintel's technology in the field of waste tire cracking and recycling of environmentally friendly carbon black, as well as Linglong Tire's leading technology in high-end tire manufacturing, to carry out technological innovation, product application and project expansion around the full life cycle recycling of tires.
In addition, in order to achieve the industrial application of carbon nanomaterials, their macro preparation is the foundation. Therefore, experts suggest that for Fullerene nanomaterials, we should focus on how to produce them in a low-cost and large-scale way to improve the yield; For nanotube materials, it is necessary to strengthen the exploration of preparation technologies with controllable layers, chiral control, high purity, and few defects; For Graphene nanomaterials, we should focus on solving the technical problems of large-scale preparation.