Goodyear’s new Nordic friction – or non-studded – winter tyre, the UltraGrip Ice 3 has gained several podium positions in the 2023 winter tyre testing season. The tyre won two Finnish tests from magazines Moottori and Tekniikan Maailma, and claimed second place in the tests conducted by Swedish magazines Vi Bilägare and Teknikens Värld. The Goodyear UltraGrip Ice 3 incorporates a range of the manufacturer’s latest winter tyre technologies, including Ice Grip technology, Ice Handling+ technology, and Snow Braking technology.
Scandinavian Enviro Systems (Enviro) reports having developed a new type of recovered carbon black with improved dispersion properties. It developed this new type of carbon black to meet demand from the tyre and rubber industry and has produced the material at its plant in Åsensbruk, Sweden ”for some time” now.
Although the Society of Motor Manufacturers and Traders indicates that battery electrics will hold a 17.8% new car market share by the end of 2023, vehicles powered from the socket remain the subject of lively debate and sensational headlines. Tyres aren’t exempt from such discourse, as the Daily Mail made clear in July when maligning these as the “dirty secret behind your electric vehicles.” To bring some common sense back into the EV tyre conversation, Michelin has shared its views on the subject.
Oil and carbon black that Scandinavian Enviro Systems (Enviro) recovers from end-of-life vehicle tyres in its plant in Åsensbruk, Sweden have received new certification in accordance with the International Sustainability & Carbon Certification (ISCC) scheme. This is the second time that the recovered carbon black and oil from the facility have gained ISCC certification – initial certification for recovered carbon black in September 2021 delivered Enviro a world first.
Swedish public transport operator Flexbuss – not to be confused with the firm with the green-liveried intercity coaches – has entered into a cooperation with tyre distributor Colmec Group, beginning 1 September 2023. Announcing the arrangement, Colmec key account manager Mikael Kjellgren said “we are very happy that Flexbuss chooses Colmec as its comprehensive partner regarding tyres and tyre service and I look forward to developing together.”
Scandinavian Enviro Systems has reported an after-tax loss for Q2 2023 that is some seven times larger than its net revenue, but the company remains confident of its future following a directed share issue in May and as a definitive investment decision regarding its planned joint venture plant in Uddevalla, Sweden draws nearer. Enviro’s H1 2023 Half-Year Report also includes a statement from its CEO about delays to the start of construction work at the Uddevalla facility.
With the hiring of two new team members, Scandinavian Enviro Systems speaks of completing the “key recruitments central to its future expansion.” The company also shares that extensive preparatory work has delayed the start of construction at its joint venture tyre recycling plant in Uddevalla, Sweden.
With the assistance of Monitor via Modular Finance, Scandinavian Enviro Systems (Enviro) has prepared a register of the company’s 15 largest owners as of 30 June 2023. Following the announcement of a cooperation agreement with Antin in March and a directed share issue in May, new Enviro shareholders include Handelsbanken Fonder, Swedbank Robur Fonder and Skandia Fonder. Michelin did not participate in the issue, but although it no longer has a 20 per cent stake in Enviro, it remains the largest shareholder by a considerable margin with 16.28 per cent.
Scandinavian Enviro Systems has raised SEK 300 million (£23.4 million) via a directed share issue and intends to use 75% of this to acquire shares in the previously announced, Michelin-supported joint venture with Antin Infrastructure Partners and to finance the JV’s first plant. The remaining 25% will finance Enviro’s operations for at least 24 months.
On 29 March, Scandinavian Enviro Systems and Antin Infrastructure Partners announced the formation of a joint venture. Michelin is supporting this JV, which it expects will “create the world’s first large-scale tyre recycling group.”
Scandinavian Enviro Systems (Enviro) has received an order for tyre-derived pyrolysis oil, with an estimated value of 4.7 million Swedish krone ($450,000). Enviro hasn’t named the firm behind the order, but has said that it is “the subsidiary of a leading US oil company that submitted an initial order for oil in February of 2022 for production tests”.
German pyrolysis technology company Pyrum Innovations AG has signed a letter of intent with Norway’s Polyfuels Group AB to jointly build and operate up to four pyrolysis plants for the processing of end-of-life tyres (ELT). The joint venture plants will be based on Pyrum technology and will be realised by Circular Tires AS, a wholly owned subsidiary of Polyfuels. The partners intend to build pyrolysis plants for recycling waste tyres in Norway, Sweden, Finland and Estonia by 2030.
Scandinavian Enviro Systems has received a recovered tyre pyrolysis oil order worth SEK 2 million (£158,000) from Preem, Sweden’s largest fuel company. Enviro will deliver the oil in the first quarter of 2023 for Preem’s use in production tests that will determine its suitability for producing biofuels.
Scandinavian Enviro Systems is in the midst of an expansive phase, and as part of the accompanying enlargement of its finance department has appointed Staffan Kullberg its new chief financial officer. Urban Folcker, whom Kullberg succeeds in this role, will assume responsibility for expanding the company’s capacity in business control and for developing processes in the finance area required to support expansion.