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Scandinavian Enviro Systems (Enviro) and Antin Infrastructure Partners (Antin) announced to have established a joint venture (JV) in order to, based on Enviro's technology, create a large-scale tire recycling group. The JV plans to establish plants across Europe with a total capacity of up to one million tons of end-of-life tires recycled annually by 2030. The JV partners have agreed on a plan for the financing of the new plant expansion. Antin, a leading private equity firm focused on infrastructure, will finance the initial investments.

During Tire Technology Expo 2023, which takes place from March 21-23 in Hannover, Germany, Michelin won two international awards, bestowed by a panel of experts from the tire industry, the academic world, and the press: • The Tire Manufacturer of the Year award, won for the sixth time, an absolute record. • The Environmental Achievement of the Year- Tire Design award, for the first two tires approved for road use (cars and buses) that include 45% and 58% sustainable materials respectively. This award belongs to a new category, rewarding the technological advances in the industry that are most respectful of the environment.

Michelin, a leader in sustainability and innovation, today announced a $300 million CAD investment into its Canadian operations to accelerate sustainable mobility and improve its environmental footprint. The investment, part of Michelin’s global growth strategy, will see the installation of new technologies and equipment in Michelin’s three Nova Scotia production facilities to respond to market evolution. This includes manufacturing tires for the growing electric vehicle (EV) segment; larger rim size tires for passenger and light truck vehicles; as well as improved fuel efficiency for commercial trucks. In addition, the electrification of key parts of the manufacturing process will reduce carbon emissions at the plants.

Continental has taken on the role of fourth co-chair of the Tire Industry Project (TIP). With this step, the tire manufacturer is further emphasizing its comprehensive commitment to sustainability. Continental will contribute resources and its long-term expertise in the areas of end-of-life tires, sustainability assessment methods, and sustainable materials. The Tire Industry Project (TIP) is a global CEO-led initiative of leading tire manufacturers in the context of the World Business Council for Sustainable Development (WBCSD). TIP is the tire industry’s most important global forum for sustainability issues.

Recently, Scandinavian Enviro Systems AB (publ) released Interim Report for January-December 2022 demonstrating progress in achieving widespread commercialization and industrialization. See below: Q4 2022: Net revenues for the period were MSEK 2.0 (1.0) Earnings after tax for the period were MSEK -25.0 (-18.1) Earnings per share for the period (before dilution) was SEK -0.03 (-0.02) Cash flow for the period after investments was MSEK -26.2 (-16.6) Enviro receives pyrolysis oil order worth MSEK 2 from Preem

Pyrum Innovations AG (Pyrum) has made a significant breakthrough in its expansion plans, with the Homburg City Council voting unanimously to approve the sale of a city-owned property to the eco-friendly end-of-life tyre (ELT) recycling company. The land sale allows Pyrum to construct a new pyrolysis plant in Saarland, which will have three pyrolysis reactors and a processing capacity of roughly 20,000 tonnes of ELT each year. The company is due to sign the contract to secure the land soon, allowing the planning and approval process to begin immediately. The new plant will be a valuable addition to Pyrum's existing operations, which include a main plant in Dillingen. Like the Dillingen plant, the Homburg facility will utilize Pyrum's patented pyrolysis technology, which allows the company to recycle ELT sustainably. With support from the city of Homburg, Pyrum is committed to building a bridge to a circular economy that enriches the tradition-steeped automotive location with end-of-life tyre recycling.

The renowned in the tyre recycling industry British magazine Tyre & Rubber Recycling runs a podcast exposing interesting topics and announcing updates to the tyre recycling and pyrolysis industries. Tyre Recycling Podcast interviews key players from the tyre recycling and pyrolysis industry from around the world. Make sure to subscribe for Tyre & Rubber Recycling magazine to receive updates about its interviews! Episode 43 of The Tyre Recycling Podcast features an interview with Dr. Ettore Musacchi, the President of ETRA. The episode covers the upcoming ETRA conference and discusses the potential crumb rubber ban. The episode is rounded off with reactions from Richard Wilson, a correspondent in the Tyre & Rubber Recycling field, and Ewan Scott, the editor of Tyre & Rubber Recycling.

Rubber Modified Asphalt (RMA) made from recycled tire rubber powder, a product of Lehigh Technologies, a Michelin North America subsidiary, is now being utilized to resurface a 6.3-mile section of the Lawrenceville Highway in Georgia, United States. Currently, there are two different methods for modifying liquid bitumen for road resurfacing: the first uses synthetic polymers derived from oil, and the second is RMA. The company's proprietary component Rheopave and micronized MicroDyne rubber powder are used to create RMA, which is marketed as a high-performance material.

The Alliance of Future Tires (AZuR) together with representatives from the press, the Federal Environment Agency, the DBU and the Ministry of the Environment visited the modern Michelin retreading plant in Homburg at the beginning of December. The plant retreads up to 620,000 truck and bus end-of-life tires every year. For AZuR network coordinator Christina Guth, the Michelin factory is proof that the "retreading of commercial vehicle tires is a promising, forward-looking concept that not only works economically, but also ecologically and socially."