LD Carbon Secures $28 Million to Ramp Up Sustainable Material Production

South Korean frontrunner in recycled carbon black, LD Carbon, has secured $28 million in a Series C funding round. The investment, led by Toyota's growth arm Woven Capital, will propel LD Carbon's mission of scaling up production of eco-friendly carbon black and pyrolysis oil derived from recycled tires and end-of-life vehicles.

This significant funding round reflects growing recognition of LD Carbon's innovative approach to a critical material in various industries, particularly automotive. Traditionally, carbon black production generates substantial carbon dioxide emissions. LD Carbon's technology offers a compelling alternative – recovered carbon black (rCB) – manufactured through a process called pyrolysis, which significantly reduces the environmental footprint.

The investment will fuel LD Carbon's expansion plans. The company intends to leverage the funds to bolster its existing tire pyrolysis operations in Gimcheon, South Korea, and expedite the construction of a new facility in Dangjin City. This state-of-the-art plant is slated for completion later in 2024 and is expected to significantly increase LD Carbon's production capacity.

The Dangjin facility will be a game-changer, transforming 50, 000 tons of end-of-life tires annually into a range of valuable products. This includes 22, 000 tons of pyrolysis oil (TPO), a resourceful alternative fuel source, alongside 18, 000 tons of rCB and an additional 10, 000 tons of various recyclable materials. This comprehensive approach not only promotes sustainability but also maximizes resource recovery from end-of-life materials.

The environmental benefits of LD Carbon's technology are undeniable. By diverting used tires from landfills and incineration, the company is actively combating a growing waste management challenge. Furthermore, by offering a sustainable alternative to conventionally produced carbon black, LD Carbon is contributing to a greener supply chain for industries like automotive manufacturing.

This investment round underscores the growing momentum behind LD Carbon's innovative approach to sustainable material production. The company's commitment to a circular economy and reduced environmental impact positions it as a key player in the evolving landscape of responsible manufacturing. With the backing of prominent investors and a focus on scaling production, LD Carbon is poised to make significant strides in the transition towards a more sustainable future.