Scandinavian Enviro Systems

The customer is a leading company within the petrochemical supply chain and has previously received smaller deliveries of tire pyrolysis oil from Enviro. Deliveries linked to the new order will start in August 2024 and continue until year-end. The tire pyrolysis oil will be delivered from Enviro's plant in Åsensbruk, which has been in operation since 2013.

Since mid-February 2024, the construction of the first full-scale end-of-life tire recycling facility based on Enviro's patented pyrolysis method is underway. The facility is being built in Uddevalla in Western Sweden and is owned by the joint venture company that Enviro formed together with Antin Infrastructure Partners and with the support of Michelin. The joint venture company has already signed legally binding long-term supply agreements regarding the carbon black and oil that the facility will recover to a value of approximately SEK 2 billion.