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In late December 2020, Swedish tire pyrolysis operator and equipment manufacturer Scandinavian Enviro Systems (Enviro) reported about updates to its long-term collaboration agreement with Michelin. According to the press release, as part of the strategic partnership negotiations, Enviro and the French global tire manufacturer Michelin have agreed on the principle terms for establishing the first jointly owned recycling plant and a license agreement regulating the terms of use for Enviro’s tire recycling (pyrolysis) technology as well as subsequent compensation. The agreement is subject to the approval of Enviro’s owners at an Extraordinary General Meeting (EGM) and the closing will be done after the EGM. Notice of an EGM will be sent out separately, Enviro highlighted.

Scandinavian Enviro Systems – Swedish tire pyrolysis equipment supplier and operator – has issued an interim report pinpointing the company is well-positioned to meet the increased interest in tire pyrolysis oil. Below we cite short facts from the report highlighted by Enviro. Q3 2020 • Net revenues for the period were million SEK 0.2 (EUR 19700) • Earnings after tax for the period were million SEK -12.7 (EUR -1.25 million)

Scandinavian Enviro Systems (Enviro) reports that its Recovered carbon black will be introduced in a customer-specific rubber compound supplied by Trelleborg Mixing Forsheda. According to Enviro, the introduction means that its recovered carbon black takes a step into a new segment and is the result of successful production tests and a long-term collaboration between the parties. Volumes and dates for future deliveries remain to be determined.

Scandinavian Enviro Systems (Enviro) reports that its representative in the UK market, 2G BioPOWER, has been granted the equivalent of EUR 240,000 in state funding for a feasibility study that will investigate the possibilities for the large-scale introduction of Enviro’s recovery technology for end-of-life tires in the UK. According to Enviro, the objectives include investigating the possibilities for recovering oil and carbon black from domestic end-of-life tires.

Despite hard efforts of the tire recycling and pyrolysis industry to develop new markets and increase recycling rates, recycled rubber based product markets demonstrate only moderate growth. To tackle the problem and allow thousands of tons of precious materials go back to consumer goods, numerous end-of-life tire management organizations, companies and research labs do their best to find new markets and develop innovative products out of scrap tire rubber.

Swedish tire pyrolysis equipment manufacturer and operator – Scandinavian Enviro Systems – reports about market expectations that can significantly influence the company’s profitability. Below, we cite the company’s recent press release describing the matter. Over the past year, Scandinavian Enviro Systems AB (publ, “Enviro”) has noticed a dramatic increase in interest in the oil — known as pyrolysis oil — that the company can extract from end-of-life tires using its proprietary technology. The oil has a high bio content due to the natural rubber in tires, and in the company’s opinion is therefore of great interest to many players in the market because it could replace fossil-based alternatives.

A Swedish tire pyrolysis equipment manufacturer and operator Scandinavian Enviro Systems and the French global tire manufacturer Michelin, have extended the letter of intent regarding a strategic partnership which was announced in April 2020. Initially the parties expected that a final agreement would have been reached by mid-year 2020, but the negotiations have been somewhat delayed, partly due to the ongoing pandemic. Therefore, Enviro and Michelin are prolonging the letter of intent until the end of October this year where both companies assess that they will be able to provide more details at the latest. Simultaneously the exclusivity agreement is also prolonged until October 31 this year.

Swedish tire pyrolysis operator and equipment manufacturer Scandinavian Enviro Systems (Enviro) reports about a long-term strategic partnership with the French global tire manufacturer Michelin which resolved to conduct a private placement of approximately SEK 32.5 million (EUR 2.97 million), by which Michelin, through its wholly-owned subsidiary Michelin Ventures SAS, will subscribe for shares in Enviro corresponding to holdings of 20% after the issue. The strategic partnership is intended to include, among other things, the establishment of a jointly owned recycling plant for end-of-life tires and joint development work to expand the possibilities for the materials that are recycled using Enviro’s technology.

At the 2020 Tyre Recycling Forum speakers will shed light on pyrolysis and rubber devulcanization industries. Tyromer’s leading experts will take part in discussions and will tell about developments of their US-based project. Organizers anticipate an ETRMA speaker to reveal the state of the EU market, and Peter Taylor will share his insights about the UK market amid Brexit concerns.