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Following on from last years' hugely successful event, Smithers have announced Recovered Carbon Black Conference plans to travel to Barcelona on the 7-8 November 2023. About the Recovered Carbon Black Conference. Recognized within the industry as an essential platform for experts and innovators, the programme offers a 360-degree perspective of the recovered carbon black market, with key industry leaders from across the globe sharing their expertise, case studies and latest findings. The Recovered Carbon Black Conference provided a much-needed platform for experts and innovators, who research, develop and commercialise recovered carbon black to stay updated on the latest market developments, challenges and opportunities.

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.

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

Enviro (Scandinavian Enviro Systems) is to begin delivering recovered pyrolysis oil as part of the order from Preem that was announced in November of last year. Preem will use the oil as a raw material for production tests and the order value is estimated at approximately MSEK 2. Through production testing, Preem will determine how suitable the oil is for the production of different biofuels. These tests will take place at Preem’s refinery in Lysekil, which has already been granted a permit to conduct production tests of pyrolysis oil. This oil will be produced at Enviro’s plant in Åsensbruk where Enviro extracts for example oil from end-of-life vehicle tires using its proprietary and patented recycling technology.

Scandinavian Enviro Systems (Enviro) has received an order for pyrolysis oil, the total value of which Enviro estimates to be approximately MSEK 4.7 (USD 450,000). Behind the order is the subsidiary of a leading US oil company that submitted an initial order for oil in February of 2022 for production tests. Delivery of the order is expected over a period of about one year beginning in March 2023 and follows on from successful production testing by the customer that Enviro previously announced.

In a joint appeal, leading tire manufacturers Michelin and Bridgestone believe that there is the potential for an annual total market of up to 1 million tons of recovered carbon black by 2030. The appeal was made last week at the Smithers Recovered Carbon Black Conference in Berlin, which Enviro attended and where the company’s chairman, Alf Blomqvist, was one of the speakers. Both Michelin and Bridgestone have set a goal that by 2050, their tires will consist of 100% sustainable materials. At their appearance in Berlin, both companies stated that the capacity to produce recovered carbon black that meets manufacturer specifications is small compared to the total carbon black market.

Scandinavian Enviro Systems (publ) (Enviro) has received a recovered tire pyrolysis oil order worth MSEK 2 from Swedish fuel company Preem. The oil will be delivered in the first quarter 2023 and used by Preem for production tests. The fuel company Preem will use the delivered oil as a raw material for production tests to determine how suitable it is for the production of different biofuels. These tests will take place at Preem’s refinery in Lysekil, which has already been granted a permit to conduct production tests of tire pyrolysis oil.

Scandinavian Enviro Systems (Enviro) received in February 2022 an order for pyrolysis oil from the subsidiary of a leading US oil company for production tests. The subsidiary has now informed Enviro that the production tests were successful. The oil was delivered in June following its approval in accordance with the EU REACH directive, a condition for a final deal. The subsidiary has since carried out production tests of the delivered oil to determine how suitable it is for the production of various biofuels. These tests have now been finalized and Enviro has been informed by the client that the tests were successful.