LD Carbon — flagged

Korea's tire-pyrolysis scale leader — currently the subject of two separate legal investigations.

Profile

Base & approach

South Korea (Dangjin); tire pyrolysis producing recovered carbon black and pyrolysis oil.

Product

rCB under long-term supply to tire makers; Toyota investment; ISCC PLUS certification.

Governance

A company criminal complaint against its former CEO and finance executives (embezzlement, subsidy misuse), and a police anti-graft search of its headquarters (May 2026).

Our assessment

Flagged — not ranked while investigations are live. LD Carbon's industrial scale is real and Toyota-backed; its governance is under formal review. Allegations are reported as alleged — outcomes have not been decided.