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Scandinavian Enviro Systems – a Swedish tire pyrolysis operator and equipment manufacturer – invites owners and representatives of the capital markets and media to participate in a virtual Capital Markets presentation on Friday, October 15th, 2021, between 3:00 p.m. and 4:00 p.m. CET. Enviro’s CEO Thomas Sörensson and Chairman of the Board Alf Blomqvist will participate in the presentation.

As per the latest press release by Nokian Tyres, the company has made a long-term purchase agreement with a tire recycling joint venture. The agreement will help Nokian Tyres reach one of its key sustainability targets, which is to increase the share of recycled and renewable raw materials in tires to 50% by 2030. Nokian Tyres started to use recovered carbon black in a commercial product line in 2022. The long-term purchase agreement with a tire recycling joint venture enables its increased utilization in tires accelerating circularity and sustainability in the tire industry.

Scandinavian Enviro Systems (Enviro) – a Swedish tire pyrolysis equipment supplier and operator – reports it has received an order from Michelin for engineering services and technical documentation at a value of approximately SEK 4 million (EUR 400,000). According to the company, the order includes engineering services as well as documentation for Enviro’s patented technology for material recovery of end-of-life-tires and form a basis for the negotiations about a strategic partnership, which the parties have been engaged in since April 2020.

Renowned tire pyrolysis equipment manufacturer Scandinavian Enviro Systems (known as Enviro) has decided to launch a holding company in the USA to facilitate its establishment of co-owned tire pyrolysis plants on the US market. Recently, Enviro published a press release disclosing details of the decision. “Our new strategy means that Enviro wants to become part-owner of plants based on our technology as it provides good revenue opportunities. However, becoming a partner places other requirements on company structures, and it is from this perspective that the decision to establish a holding company in the US market should be seen”, says Thomas Sörensson, CEO Enviro.

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.

Swedish tire pyrolysis equipment manufacturer and operator Scandinavian Enviro Systems (Enviro) reports about developing a public, international corporate bond to finance the company’s ownership of forthcoming pyrolysis plants for end-of-life vehicle tires. The work to develop the bond is being carried out in collaboration with the London-based finance financial adviser Zenzic Partners, Enviro says.

Scandinavian Enviro Systems (Enviro) – a tire pyrolysis equipment manufacturer and operator based in Sweden – and its partner Michelin – one of the global leaders in tire manufacturing – have presented another sustainable racing tire based on recovered carbon black from Scandinavian Enviro Systems. The new tire is a high-performance tire developed for racing cars and was recently presented at Michelin’s Movin’On global sustainable summit. According to Enviro, the new tire contains 46 percent renewable and recovered material, including recovered carbon black delivered by Enviro to Michelin. Michelin presented the new high-performance tire mounted on the electric-hydrogen, long-distance racing car, GreenGT Mission H24. Earlier this spring, Michelin also presented a sustainable racing tire for MotoE, a racing series for electric motorcycles, which also contained recovered carbon black from Enviro. Michelin has announced the goal that all its tires will be manufactured entirely from sustainable material by 2050.

Scandinavian Enviro Systems (Enviro) – a Swedish tyre pyrolysis operator and technology supplier – reports that Michelin, the principal owner of Enviro, unveiled tyres with a high proportion of environmentally sustainable materials that have been approved for use on ordinary road vehicles. These include a tyre for buses and a tyre for cars, where the car tyre contains recovered carbon black from Enviro, among other materials.

Scandinavian Enviro Systems AB (Enviro) – a renowned tire pyrolysis equipment manufacturer and operator – reports about signing a term sheet with TreadCraft Carbon LLC, Buffalo, NY, USA, on the key parts of an agreement to establish a jointly owned plant for the recovery of materials from used tires based on Enviro’s pyrolysis technology. According to the Enviro, the two parties have now agreed on the main conditions for a plant deal. A final agreement is expected to be finalized during the second half of 2019 and would entail the sale of a pyrolysis plant, worth approximately between EUR 25 and 30 million, as well as license revenue and future profits.