Enviro and Antin announced final investment decision for pyrolysis plant in Uddevalla
On February 7, the joint venture between Scandinavian Enviro Systems (publ) (Enviro), Michelin and Antin Infrastructure Partners made the final investment decision regarding the construction of the end of life tire recycling plant in Uddevalla, Sweden. The joint venture has secured equity financing for the construction of the plant and signed multi-year agreements for the supply of end-of-life tires and offtakes for the recovered carbon black and oil products. The signed agreements regarding deliveries of recovered materials have a total value of approximately MEUR 180 (SEK 2 billion) over the contract period, which varies between 5 and 10 years.