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.
The deadlines set out in two of the memoranda of understandings signed between Scandinavian Enviro Systems (Enviro) and firms based in Denmark, the USA and Canada last year may have passed, yet Enviro says this “will not affect the outcome of the negotiations or the possibility of opening the various plants.” The Swedish company still expects to establish joint venture tyre recycling plants with all three partners in the not too distant future.
State-owned Chinese firm Guangzhou Vanlead Group, parent company of Wanli tyre brand manufacturer South China Tire & Rubber Co., Ltd, has signed two memorandums of understanding with Swedish firm Scandinavian Enviro Systems. The first of these covers the establishment of a turnkey recycling plant in Guangdong province, and the second the setting up of a joint venture to market Enviro’s patented technology across China.