Industry remodeling makes waste tires incarnate "black gold", listed companies run into the field to dig gold.

The "ground refinery" has faded from the spotlight, and how to recycle waste tires with low consumption and harmlessness has attracted much attention. On the other hand, the state recently added waste tires, waste rubber products production of recycled oil, cracking carbon black tax rebate, but also further stimulate the enthusiasm of industrial capital entry.

The rise and fall of the industry can be seen from the direction of fixed capital expenditure of industrial companies. The relevant person in charge of Hengyu Environmental Protection (688309.SH), a supplier of high-end tire cracking equipment, told the reporter of Caixin News Agency: "The rise in the prices of bulk products last year also drove up the prices of recycled oil, cracked carbon black and other products. The prosperity of the waste tire cracking industry continued to rise. Their willingness to purchase new equipment from the company increased significantly and the company's orders increased significantly."

Waste tire disposal industry thrives

Industry Dongfeng strength, downstream orders. In the first quarter of this year, Hengyu Environmental Protection signed three new tire cracking production line contracts in the first quarter, with a total contract price of 90.65 million yuan.

In addition, the company's performance in the first quarter also reversed. During the reporting period, it achieved operating income of 39.4015 million billion yuan, an increase of 101.15 percent over the same period last year; net profit after deducting non-return of 11.542 million billion yuan, an increase of 847.18 percent over the same period last year, and the company also accelerated its cash withdrawal efforts. Operating cash flow was 19.9881 million billion yuan in a single quarter, an increase of 213.48 percent over the same period last year.

At the same time, Hengyu Environmental Protection has also thrown out a repurchase plan, which plans to use its own funds to repurchase shares of no less than 10 million yuan (inclusive) and no more than 20 million yuan (inclusive) from the secondary market, and the repurchase price is not More than 21 yuan per share (inclusive). The repurchased shares will all be used to implement employee shareholding plans or equity incentives, while the company's major shareholders will also throw out a lock-up plan.

In the field of waste tire recycling, New Yuan Technology (300472.SZ) also carried out a deep layout. The company's interactive platform said that the company's development of green, intelligent thermal cracking recycling technology, to overcome the cracking carbon black modification, granulation and other tire recycling intelligent production equipment technical problems, in addition to the company's first phase of tire cracking project part of the equipment has been trial production.

In addition, Double Star Group's waste tire thermal cracking plant will soon be completed. The tire cracking technology and equipment developed by the company can realize 100 percent utilization of waste tires. Oil, carbon black, steel wire and combustible gas are produced through thermal cracking of waste tires, which can realize full utilization and consumption. For every 10000 tons of waste tires cracked, 11000 tons of carbon dioxide emissions can be reduced.

On the other hand, the State Administration of Taxation has greatly increased the proportion of tax rebates for waste tires, pyrolysis carbon black and other products, which has also made the pockets of industrial companies more abundant.

A tire cracking customer downstream of Hengyu Environmental Protection told Caixin News Agency: "The rise in oil prices has led to a rise in the price of tire cracking products. According to the VAT payment of about 8 million last year, if the 70% tax rebate ratio in the new policy is followed, the annual cost savings will exceed 5 million."

Cracking carbon black process upgrade

Some people in the industry told Caixin that there are two important prerequisites for the industrial application of cracked carbon black. One is the cracking rate of cracked carbon black. The second is the ability and quality of stable supply. The quality and scale of the final product should be matched with the users of industrial rubber and rubber.

The context of industrial upgrading is often born in equipment manufacturers and flourishing in industrial companies.

As a "shovel seller" in the cracking industry, senior executives of hengyu environmental protection company told reporters: "in the treatment of waste tires, hengyu environmental protection has the technology and equipment of industrial continuous whole tire cracking of waste tires, which does not need to crush the waste tires, reduces the treatment process and greatly reduces the treatment energy consumption. under the background of double carbon, the economic and social benefits of customers will be improved."

The relevant person in charge of a large tire enterprise in Shandong told reporters: "The main product cracked by the earliest refinery is recycled oil. Carbon black is actually carbon slag, which is basically disposed of as waste. However, with the industrial upgrading, it has been applied in low-end scenes such as rubber tubes and conveyor belts."

The person went on to say: "At present, the use of waste tire pyrolysis carbon black in commercial vehicles and passenger car tires is still relatively small, but the development and upgrading of waste tire pyrolysis process is an important direction for the development of the industry. Pyrolysis carbon black already has products that can match industrial carbon black in key data such as tensile strength, and can already be used on low-speed tires."

It is worth mentioning that Linglong Tire (601966.SH) signed a comprehensive strategic cooperation agreement with Klintel Environmental Technology Co., Ltd. in April this year to jointly promote the recycling of tires throughout the life cycle, marking the official link between tire manufacturing and waste tire recycling.

The two sides will rely on Clintel's technology in the field of waste tire cracking and recycled environmentally friendly carbon black, as well as Linglong Tire's leading technology in the field of high-end tire manufacturing, to carry out technological innovation, product application and project expansion around the tire life cycle recycling.
 
In addition, in order to realize the industrial application of carbon nanomaterials, its macro preparation is the basis. Therefore, experts suggest that for fullerene nanomaterials, we should focus on how to produce large-scale at low cost and improve the output rate; for nanotube materials, we should strengthen the exploration of preparation technology with controllable number of layers, controllable chirality, high purity and few defects; for graphene nanomaterials, we should focus on overcoming the technical problems of large-scale preparation.