“We believe in the huge positive environmental impact of the technology — especially since the Black Bear product can compete with virgin Carbon Black in terms of cost price and quality,” says Helmer Schukken of Social Impact Ventures. “Another reason for our investment is the great management team, which consists of not only talented engineers but also seasoned professionals in sales, finance and other functions required for global roll-out.”
Mark Gitsels, 5square:
“When you really think about it, it’s unbelievable that only 10 per cent of our resources are currently part of circular economies,” says Mark Gitsels of 5square. “That’s why we full-heartedly support the outstanding management team of Black Bear: Their disruptive technology is an opportunity for us to help make the world that bit better and at the same time yield attractive returns.”
Rob van der Meij, Capricorn Venture Partners:
“Sustainability for our Sustainable Chemistry Fund does not only mean bio-based resources. Black Bear is a great example of a true circular economy company; recycling Carbon Black, which has an enormous CO2 footprint, and solving a large waste tire problem at the same time. The low cost and high-quality potential of Black Bear enables a large roll out that will have a positive impact on the environment and create sustainable, local economies around waste tires all over the world.”
Gert van Heuvelen, Particon:
“We have been following Black Bear over the last three years. The company has developed into a promising circular economy scale-up in the Limburg region showing that sustainable impact can be combined with great economics. We believe that the talented team supported by the strong investor base is well positioned for international growth.”
About Black Bear
Netherlands-based Black Bear Carbon BV, founded in 2010, has developed a unique, CO2negative process for producing the world’s first Cradle-to-Cradle certifiedTM Carbon Black from tires. The company’s long-term goal is to upcycle all waste tires into valuable products. Each year, 1.5 billion tires end up in landfill or are incinerated, destroying vast quantities of valuable resources.
Black Bear’s industrial-scale prototype plant is operated by Dutch Green Carbon, a joint venture between Black Bear and Kargro, a tire recycling company. The sustainable Carbon Black is used by clients worldwide for the production of tires, technical rubber, coatings, plastics and inks.
The company plans to roll out more than 1000 plants all over the world, in cooperation with local partners. This would have a huge environmental impact, resulting in CO2 emission reductions equivalent to the planting of more than 1 billion trees, and potentially reducing the world’s annual oil consumption by more than 215 million barrels.
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