Japan's Marubeni takes stake in Thailand tire recycling company

Trading house buys into technology that recovers carbon black

20240905N Green Rubber Energy

Green Rubber Energy's technology offers an alternative to burning waste tires. (Green Rubber Energy)

KEIGO YOSHIDA, Nikkei staff writer

TOKYO -- Japanese trading house Marubeni has entered the business of recycling tires in Thailand with an investment in a local company that offers an alternative to burning them.

Marubeni has taken a 32% stake in Green Rubber Energy. The size of the investment is estimated at 1 billion yen ($7 million).

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