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In the virtual information disclosure published by Scandinavian Enviro Systems (Enviro) on March 2, the company responded to questions on subjects that include the license agreement with Michelin. In the information disclosure, Enviro also reported on how the partnership with Michelin is relevant from a strategic perspective and what the company’s long-term plans are.

Scandinavian Enviro Systems (publ) (Enviro) has hired Fredrik Emilson, former CEO of Höganäs AB, as the company's new Chief Executive Officer. Emilson takes office in February 2024 at the same time as current CEO Thomas Sörensson moves to a role as senior advisor. Fredrik Emilson comes most recently from Höganäs AB, where he worked since 2010 and from 2017 as CEO. During his time at Höganäs AB, Fredrik also held the role of European manager followed by the role of responsible for Asia. Höganäs is the world leader in metal powder solutions with sales totaling approximately MSEK 12,000 and with 2,400 employees globally.

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.

Scandinavian Enviro Systems (Enviro) has welcomed Björn Larsson as the head of strategic purchasing and Josefin Wallman as the program manager. Both Larsson and Wallman will play central roles in executing the company's expansion plan, developed in partnership with Antin Infrastructure Partners. Björn Larsson will have responsibility for purchasing in connection with new recycling plants and Josefin Wallman will act as project manager for the establishment of future recycling plants, including the planned plant in Uddevalla.

Scandinavian Enviro Systems (Enviro) is participating in a three-year project at Chalmers University of Technology in Gothenburg within the scope of an initiative to reduce the carbon footprint of West Sweden’s chemical industry. The collaboration aims to leverage increased knowledge to develop the next generation of Enviro’s pyrolysis-based recycling technology. The project is part of the innovation agency Vinnova’s ten-year Vinnväxt initiative Klimatledande processindustri (Climate Leading Process Industry). The initiative aims to support the West Sweden chemicals industry’s transition from its dependence on fossil fuel to an industry based on renewable and recovered raw materials. In addition to Enviro, other participants include Stena and the chemical company Borealis.

Scandinavian Enviro Systems’ (Enviro) major shareholder Michelin has developed a racing tire for this year's edition of the Le Mans 24-hour race that contains a full 63% sustainable materials, including recovered carbon black (rCB) from Enviro's plant in Åsensbruk, Sweden. The tire was used on one of the cars taking part in the famous race's 100th anniversary. For 25 consecutive years, from 1998 to 2022, Michelin tires have been fitted to the winning cars. For this year's edition, which took place between June 10 and 11, Michelin has developed a racing tire that contains a whopping 63% envaironmentally sustainable materials, including recovered carbon black from Enviro.

Scandinavian Enviro Systems (Enviro) has contracted Mårten Wikforss as responsible for the company's communications and investor relations. Mårten Wikforss is an independent communications advisor with a focus on cleantech and greentech companies and has, among other things, been the communications and IR manager for the fuel cell company PowerCell Sweden AB. Wikforss has a long-standing past as information manager within AB Volvo, including in the role of Executive Vice President, Corporate Communication.

As the construction of the Uddevalla recycling plant continues, Scandinavian Enviro Systems AB (publ) has released a half-year report. Second quarter 2024: Net revenues for the period were MSEK 58.5(3.6) Earnings after tax for the period were MSEK 30.5 (-25.3) Earnings per share for the period (before dilution) was SEK 0.04 (-0.03)

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.