Search Results

Scandinavian Enviro Systems (Enviro) has been informed that the fuel company Preem has performed successful production tests of the recovered pyrolysis oil that Enviro recently supplied. In November last year, the fuel company Preem placed an order with Enviro for recovered pyrolysis oil for use as a raw material in production tests to determine how suitable it is for the production of different biofuels. Since the start of deliveries in early February, Preem has been performing tests of the oil at its facility in Lysekil, Sweden, which had already been granted a permit specifically for conducting production tests of pyrolysis oil.

Contec S.A., a startup recovering industrial raw materials from used tires, has raised EUR 10 million in their latest funding round. These funds will be used to expand the efficiency of Contec's plant (Szczecin, Poland) almost threefold. Two investors are providing the funds: HiTech ASI, the corporate venture capital fund of Bank Gospodarstwa Krajowego, and the Warsaw Equity Group, which is the majority shareholder. Contec S.A. invests in increasing processing capacity The lead investor of the round is HiTech ASI, managed by VINCI - a subsidiary of Bank Gospodarstwa Krajowego. The second investor is Contec's major shareholder, the Warsaw Equity Group. The funds obtained (EUR 8 million - HiTech ASI and EUR 2 million - Warsaw Equity Group) will be used to increase the processing capacity of Contec's Szczecin plant. Once completed, the plant will be able to nominally process 33,000 tons of used tires per year – three times more than today. In addition, the modernization will increase the production capacity of post-pyrolysis oil and recovered carbon black.

According to the Rubber World Magazine, Tokai Carbon CB announced that its Addis, LA facility is certified to the ISCC (International Sustainability and Carbon Certification) Plus standard, allowing supply of sustainable carbon black. Tokai’s Borger, TX facility was the first carbon black plant in the world to achieve ISCC Plus certification in early 2022. This certification allows Tokai to provide sustainable carbon blacks from two plants using a mass balance process. The ISCC Plus standard uses a mass balance approach to enable users of circular and bio-based feedstocks to certify their products corresponding to the amount of these feedstocks consumed. Tokai Carbon CB currently uses a circular tire pyrolysis oil from ISCC Plus certified suppliers to produce sustainable carbon black declarations that customers are purchasing to produce sustainable consumer products.

*** Webinar recording inside *** The webinar "Upgrading Tire Pyrolysis Oils for Fuels and Chemicals Applications" was held by Topsoe on February 28. The high participation (200+ attendees) shows that the tire pyrolysis industry is interested in innovative technology solutions for upgrading pyrolysis oil.

A Seoul-based startup LD Carbon, which specializes in pyrolysis, waste treatment and raw material recycling, received an equity investment from SK Incheon Petrochem, the petrol business subsidiary of SK innovation. Based on its patented technology, LD Carbon produces Recovered Carbon Black (rCB) by utilizing the residue generated from the pyrolysis of waste tires and supplies it to domestic and foreign tire and rubber product manufacturers. With the latest investment, LD Carbon will establish a new facility producing tire pyrolysis oil, which is produced as end-of-life tires decompose. Korea Development Bank will also help it by issuing new convertible bonds.

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

According to the article by The News International, Environment Protection Agency (EPA) has drafted guidelines to regularise pyrolysis plants presently operating across the Punjab province without any legal cover. Sources in EPA revealed that during the recent smog season strict action was taken against these plants and many were demolished and sealed either by the District Administration or by the EPA. Presently, majority of the pyrolysis plants operating in the province used to dispose off used tyres and extract carbon, wires and low quality furnace oil, which were sold in the open market.

The tire engineers and material experts of Continental are silently revolutionizing the industry by planning to use only sustainable materials for tire production by 2050. Although the journey is long, the gradual selection of raw materials has already begun to give shape to the future tire construction. The list includes agricultural waste, such as ash from rice husks, dandelion rubber, and recycled rubber or PET bottles. Claus Petschick, Head of Sustainability at Continental Tires, is clear about Continental’s mission, saying, “Continental is on the road toward becoming the most progressive manufacturer in the tire industry in terms of sustainability. We aim to use 100 percent sustainable materials in our tire products by 2050 at the latest.” He adds, “Our innovative power enables us to break new and even more sustainable ground. This encompasses everything from the origin and sourcing of our materials through to the reuse and recycling of our tires.”

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.