Scandinavian Enviro Systems received pyrolysis oil order worth 2 million SEK
Scandinavian Enviro Systems (publ) (Enviro) has received a recovered tire pyrolysis oil order worth MSEK 2 from Swedish fuel company Preem. The oil will be delivered in the first quarter 2023 and used by Preem for production tests.
The fuel company Preem will use the delivered oil as a raw material for production tests to determine how suitable it is for the production of different biofuels. These tests will take place at Preem’s refinery in Lysekil, which has already been granted a permit to conduct production tests of tire pyrolysis oil.
“This order is very important for us since it is yet more confirmation of the commercial potential of our oil and our recycling technology. A large player in the oil industry in our own home market taking this step provides important support for our expansion in both Sweden and internationally,” says Thomas Sörensson, CEO of Enviro.
This oil will be produced at Enviro’s plant in Åsensbruk where Enviro extracts oil from, for example, end-of-life vehicle tires using its proprietary and patented recycling technology.
Preem is Sweden’s largest fuel company and has high environmental ambitions, for example, the company has communicated its target to produce 5 million cubic metres of renewable fuel and to achieve climate neutrality along its entire value chain by 2035. Pyrolysis oil contains a high percentage of renewable material due to the high amounts of natural rubber found in the vehicle tires, and thus is very suitable for producing environmentally sustainable biofuel. Enviro recently announced that a subsidiary of a leading US oil company has carried out successful production tests of Enviro’s tire pyrolysis oil.
In the past year, Enviro’s pyrolysis oil has been certified under the International Sustainability & Carbon Certification (ISCC) EU standard and has received REACH approval. REACH is the European Parliament and Council’s regulation concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals.
To find out more, please visit Enviro’s website.
Weibold is an international consulting company specializing exclusively in end-of-life tire recycling and pyrolysis. Since 1999, we have helped companies grow and build profitable businesses.