Goodyear And Visolis To Collaborate On The Production Of Isoprene By Upcycling Materials
Portfolio Pulse from Benzinga Newsdesk
Goodyear Tire & Rubber Company (NASDAQ:GT) and sustainable technology company Visolis have announced a collaboration to produce isoprene, a precursor for synthetic rubber, through the upcycling of biobased materials. The project is supported by a Small Business Innovation Research (SBIR) grant awarded to Visolis. Goodyear is actively seeking sustainable material options and plans to sell a tire with up to 70% sustainable materials this year.
October 26, 2023 | 1:24 pm
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Goodyear's collaboration with Visolis to produce isoprene from upcycled biobased materials could enhance its sustainability profile and potentially reduce production costs in the long run.
The collaboration with Visolis could help Goodyear reduce its dependence on crude oil for isoprene production, potentially lowering costs and enhancing its sustainability profile. This could make the company more attractive to environmentally conscious investors and customers, potentially boosting its stock price in the short term.
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