Devulcanised Rubber compound product has bigger potential comparing to reclaim rubber industry currently with USD 16 billion market value with steady growth of 3.5% annually. The nature of rubber materials supply businesses is consistent, and large quantity purchase from a single client. However, it required minimum of 1 year to business development processes due to technical requirement based on safety and environment compliances. Blue Olmek has managed to obtain several various large tyres manufacturers locally and globally to test on our Devulcanised Rubber Compound in the past 8 months. Concurrently our compound had been successfully implemented into some of the local general rubber industry and demand gradually increases.
Ambitiously, we have identified a total of 83 licensing plant worldwide with the potential market value of USD 24 Billion annually.