CBp, Triputra Sign 20-year Carbon Black Replacement Deal

CBp Carbon Industries, Inc. has announced the signing of a 20-year sale agreement with Indonesia’s Triputra Group, a company CBp cites as to be the world’s largest producer and supplier of raw rubber to the tyre industry. The agreement provides, as and when CBp can deliver, that for the first ten years Triputra will take all deliveries up to 200,000 tonnes per year of CBp’s carbon black replacement ‘CBp Carbon Green’ at market discount and for 500,000 tonnes a year for the following ten years at market discount. CBp’s deliveries to Triputra are optional and the company says they will not take place unless it is profitable to do so.

Deliveries are expected to commence second/third quarter of this year from CBp’s first generation commercial plant in Cyprus, which is designed to accommodate a capacity of 10,000 tonnes (approximately 1 million tyres) of tyre processing per annum. Of this processed volume, approximately 30 per cent will be utilised in the CBp Carbon Green product, and the remainder as steel, oil and volatile gases – all of which are marketable products, CBp adds.

CBp’s first generation phase III commercial production facility, located in Limasol, Cyprus, is completing final equipment installation. The plant is slated to be fully completed and tuned by early May and commence commercial production for its designed capacity. All plant costs have been paid by company capital, thus CBp says that the plant and company are debt free.

“I am very pleased with the developing success of our company and very proud that a world class company such as Triputra would show such confidence in our CBp Carbon Green,” stated CBp president John T. Novak. “Our vision is coming to fruition and we believe that we are a leader of the new wave of environmental companies. As one follower of our company commented, ‘CBp is the only environmental company they have identified which can make a profit, even in these difficult times, without any requirement for government subsidy’. We are very pleased with this recognition.”