Scandinavian Enviro Systems AB is reporting a “dramatic increase in interest” the pyrolysis oil the company extracts from end-of-life tyres. According to the company, the oil has a high bio content due to the natural rubber in tyres and is therefore “of great interest to many players in the market because it could replace fossil-based alternatives”. This, in turn, is likely to help Enviro’s sales revenues. “Based on the market response and our own calculations, we judge that the oil recovered from end-of-life tyres could contribute to a strong increase of revenues from recycling plants that use our technology,” Thomas Sörensson, CEO of Enviro, explained.
Michelin is entering into a partnership with Swedish firm Scandinavian Enviro Systems (Enviro) to develop and industrialise on a large scale pyrolysis technology to recycle end of life tyres into raw materials. The two companies signed a shareholding subscription today that will see a subsidiary of the tyre maker, Michelin Ventures SAS, acquire a 20 per cent stake in Enviro.
Scandinavian Enviro Systems (Enviro) is developing a public, international corporate bond to finance the company’s ownership of forthcoming recycling plants for end-of-life vehicle tyres. The work to develop the bond is being carried out in collaboration with the London-based financial adviser, Zenzic Partners.
Instead of just approving the use of its technology under license, Scandinavian Enviro Systems (Enviro) intends to introduce its technology worldwide by participating in joint ventures. To facilitate the setting up of such plants in the USA, Enviro’s board of directors has founded a holding company in that market.
Pyrolysis oil derived from end-of-life tyres can be used as fuel. That is the conclusion of a reported produced by RISE (the EU Research, Innovation and Science Policy Experts Group) along with Enviro and Ragn-Sells as a result of research that kicked off in October 2017.
A leading tyre manufacturer has placed a first order on Swedish tyre pyrolysis firm Enviro’s recycled carbon black (EnviroCB) for immediate delivery.
“Initially the order volume is small, but is expected to increase significantly over time. The customer is a global manufacturer of tyres and rubber applications and this order relates to industrial tyres”, says Thomas Sörensson, CEO of Enviro.