Scandinavian Enviro Systems restructuring process to continue after court ruling
According to the company, the court has now determined that the reorganization should proceed as planned.
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According to the company, the court has now determined that the reorganization should proceed as planned.
Scandinavian Enviro Systems has announced that shareholders approved a new financing authorization at an Extraordinary General Meeting held on May 21, 2026, while the company also confirmed details of its upcoming Annual General Meeting scheduled for June 23 in Gothenburg.
Orion S.A. has indicated that supply chain disruption linked to tensions in the Middle East could create more favorable conditions for Western carbon black producers, while noting that market conditions remain highly uncertain.
Enviro reported third-quarter net revenues of SEK 0.02 million, down from SEK 1.6 million in the corresponding period of 2025. The operating loss was SEK 37.3 million compared with SEK 25.7 million a year earlier, while the loss after tax widened to SEK 37.3 million from SEK 25.4 million.
The development was discussed during RubberCon 2026, held in Paris on April 28-29, where Tyres Europe Secretary General Adam McCarthy stated that EU member states had granted the European Commission permission to initiate the withdrawal process. Europe is understood to be the largest financial contributor to the IRSG, making the potential exit a significant development for the international rubber industry body.
The complaint, submitted to the Suseo Police Station in Seoul, names former CEO Hwang Yong-kyung, Chief Financial Officer Lee Chung-jin, and Finance Manager Han Seung-yeon as suspects in an alleged scheme involving corporate funds and state-backed subsidies between 2022 and 2023.
Vianney Vales, CEO of Wastefront AS, a Norwegian company building a Waste-to-Fuel business in Sunderland, highlights the significance of Sustainable Aviation Fuel (SAF) in an interview with The Northern Echo. The UK Government’s plan for 10 percent of all jet fuel to be SAF by 2030 is a major boost for the region’s green economy. The SAF mandate, set to become law in January 2025, faces challenges due to insufficient feedstock and high demand. Currently, global SAF supply is at two million metric tons, while demand is growing at 45 percent annually, with commitments from over 40 airlines.
The onsite meeting will take place on June 5, 2026, in Arnhem, bringing together researchers, manufacturers, recyclers, and innovation partners to discuss technical developments, implementation challenges, and collaboration opportunities in circular rubber. The program reflects growing interest in technologies that can improve rubber recycling, increase material recovery, and expand the use of secondary raw materials in industrial applications.
The certification confirms that FOR REC’s management systems align with internationally recognized standards covering occupational health, risk prevention, and continuous safety improvement as part of broader Quality, Health, Safety, and Environment (QHSE) practices.