Enviro receives milestone compensation, reports improvements in H1 2024

Scandinavian Enviro Systems (Enviro) has announced a significant achievement in its joint venture project with the receipt of SEK 25.6 million (£1.9 million) as compensation for meeting a predefined milestone linked to the construction of its recycling plant in Uddevalla, Sweden. This compensation, which comprises equal parts cash and shares in the joint venture company, marks the first of several planned disbursements tied to the project’s progress. Enviro has also published its financial results for H1 2024.