Circular opportunities in the rubber and tire sector. There has been a significant development in the recovery of end of life tires recently. Industry initiatives in both recycling technology and by the tire and rubber sector has put pyrolysis in the drivers seat. The recovery method allows a very high material recovery and this aligns very well with the sustainability targets of the tire and rubber industries. Leading pyrolysis technology providers produce recovered carbon black materials that can substitute up to 100% of fossil based conventional material in a range of applications. The material is already used in tire applications, where compared to conventional raw materials it is reducing the CO2 footprint by more than 90%! About 50% of the volume of the tires recovered becomes oil. The biogenic content is high and makes it attractive for multiple substitution purposes, including as raw material for production of new carbon black and other more circular oil applications. The oil is also attractive to be used in the transition towards more sustainable fuels due to the renewable content. Long term the oil is anticipated to find many more circular paths along the value chain. The recovered steel also have many opportunities for circular use. I look forward to see real circular value chain examples in this industry in a not too far future. A great example of technology, business and policy achieving the neccessary targets.