Cabot Corp. said it is now collecting royalties from Groupe Michelin under a technology licensing agreement for exclusive use of Cabot’s patented elastomer composite technology in tire applications.

The royalty payments – the amount was not stated – will extend through fiscal 2022, Cabot said.

Since 2008, Cabot has been working with Michelin to develop and commercialize the technology in global tire markets. Michelin has exclusive rights to Cabot’s elastomer composite process technology for tire applications and is entitled to build and operate plants that utilize this technology, Cabot said.

Cabot said its patented technology “uses liquid phase mixing rather than conventional dry phase mixing to incorporate reinforcing agents such as carbon black into elastomers. This technology delivers superior dispersion of reinforcing agents such as carbon black within the elastomer, which creates composites that display unique properties.”