Birla Carbon has announced new greenfield projects in India and Thailand. The facilities will be respectively located in Niadupet, Andhra Pradesh and Rayong and each will have an initial capacity of 120 kMT when they become operational in 2025. Birla Carbon will develop the sites with an eye to expanding both to 240 kMT in the future.
Leading carbon solutions supplier Birla Carbon has completed the acquisition of Nanocyl SA, a worldwide leader in multi-wall carbon nanotubes (MWCNT’s) based in Sambreville, Belgium. Birla Carbon said the acquisition expands its presence in the energy systems market, bolstering its position in supplying material critical to Lithium Ion battery performance along with other conductive applications.
On 17 December, Birla Carbon executed a US$750 million Sustainability Linked Loan (SLL) with a syndicate of more than 15 banks and intends to use the proceeds from the loan to refinance its existing debts. Key Performance Indicators (KPIs) linked to the facility include: “direct CO2 intensity, bringing circular products to market, and an external rating of Sustainability”. The fund’s direct connection with “bringing circular products to market” could be interpreted as an indication that the company is willing to invest in technologies such as pyrolysis which seeks to recover carbon black from end-products such as tyres.
Birla Carbon has announced an intent to reduce its net carbon emissions to zero by 2050. The carbon black manufacturer considers this goal a “natural progression in Birla Carbon’s leadership in the area of sustainability and circularity.” The company recently announced the availability of sustainable carbonaceous materials through the launch of its Continua brand.
Birla Carbon has appointed John Loudermilk as CEO Birla Carbon, effective 1 August 2021. In his previous role of Chief Operating Officer (COO), Loudermilk is said to have played a key part in shaping the Vision of Birla Carbon. He is also said to have been “instrumental” in the launch of the company’s Continua brand of sustainable carbonaceous materials.
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