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UK facility to feature early in Scandinavian Enviro Systems’ global rollout

A business that claims a nearly endless market to conquer with projected EBITDA margins approaching 70 per cent is either deluded or on to a good thing. And as the deluded don’t receive substantial investment from firms such as Michelin, the latter must apply in the case of Scandinavian Enviro Systems (Enviro). The company aims to be the leading player in the circular economy for tyres and wants to secure a 15 to 30 per cent share of the global market for recovered carbon black. The UK is tipped to be an early beneficiary of these ambitious growth plans.

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Related news:

  1. Co-owned recycling plants: Enviro setting up USA holding company
  2. Corporate bond to finance Environ’s ownership of recycling plants
  3. Enviro decides on site for Swedish recycling plant
  4. Recovered carbon black: Michelin & Bridgestone launching joint initiative
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Enviro decides on site for Swedish recycling plant

The Board of Scandinavian Enviro Systems (Enviro) decided today on the final location for establishing its previously announced recycling plant in Uddevalla, Sweden, and also approved the company’s environmental permit application. The company intends to formally submit the application this Friday and anticipates that the application process may take up to one year.

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  1. Co-owned recycling plants: Enviro setting up USA holding company
  2. Corporate bond to finance Environ’s ownership of recycling plants
  3. Enviro and Michelin extend strategic partnership letter of intent
  4. Michelin building world first tyre recycling plant in Chile
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Michelin owns 20% of Scandinavian Enviro Systems again after capital increase

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Michelin once again owns 20 per cent of the shares in Scandinavian Enviro Systems (Enviro) following the dilution of its holding in May as a result of the completed new issue. The increase in its holding resulted from Michelin, via its subsidiary, acquiring two million of the shares that were issued in May to Unwrap Finance AB. Enviro has no information about the purchase consideration or the acquisition price.

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  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Michelin building world first tyre recycling plant in Chile
  3. Michelin to hold 90% shareholding in Enviro, Chile joint venture
  4. Michelin tyres to be 100% sustainable by 2050
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Largescale UK tyre pyrolysis plant feasible – Enviro

Ellie Burgin; Pexels

In November 2020 Scandinavian Enviro’s UK partner 2G BioPOWER began a study into the feasibility of running a largescale tyre pyrolysis plant in the UK. The project has now been completed and found that there are “favourable conditions” for such a pyrolysis plant that “derive primarily from the large domestic demand for recovered oil for the production of renewable vehicle fuel.”

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  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. £2m Investment For Tyre Recycler
  3. Sri Lanka tyre manufacturer signs recycled carbon black order
  4. Pyrolysis technology: Michelin partnering with Enviro
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Michelin tyres to be 100% sustainable by 2050

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Michelin

When Michelin launched its e.Primacy range in mid-November 2020, the French tyre manufacturer did so in the context of a goal to make all Michelin tyre 100 per cent sustainable by 2050. So how does Michelin plan to achieve this? One answer is the company’s expanding partnership with Scandinavian Enviro Systems (Enviro), details of which were recently released (see separate article). But there are other parts of this plan.

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Related news:

  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Michelin building world first tyre recycling plant in Chile
  3. Michelin to hold 90% shareholding in Enviro, Chile joint venture
  4. Pyrolysis technology: Michelin partnering with Enviro
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Michelin to hold 90% shareholding in Enviro, Chile joint venture

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Further details of Scandinavian Enviro Systems’ cooperation with Michelin have been revealed alongside a formal notice ahead Swedish firm’s EGM on the subject of its strategic partnership with Michelin. They include an overview of: licensing rules, percentage ownership of the two companies Chile recycling joint venture and how much Enviro is investing in that project.

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  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Michelin building world first tyre recycling plant in Chile
  3. Pyrolysis technology: Michelin partnering with Enviro
  4. Enviro completes Michelin share offer
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Michelin building world first tyre recycling plant in Chile

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Michelin; Enviro

Michelin is investing US$30 million in building its first tyre recycling plant in the world in Chile. The project is the result of Michelin’s ongoing collaboration with Enviro, a Swedish company that has developed a patented technology to recover carbon black, oil, steel and gas from end-of-life tyres.

Located in Chile’s Antofagasta region, the plant will be able to recycle 30,000 tons of earthmover tyres a year, or nearly 60 per cent of such tyres scrapped every year nationwide. Work will begin this year, with production scheduled to get underway in 2023.

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Related news:

  1. Enviro and Michelin extend strategic partnership letter of intent
  2. Enviro: Improved tyre pyrolysis market will help revenues
  3. Pyrolysis technology: Michelin partnering with Enviro
  4. Michelin and Enviro to build joint recycling plant
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Michelin and Enviro to build joint recycling plant

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On 22 December, Scandinavian Enviro Systems and Michelin agreed on the principle terms for establishing a first jointly owned recycling plant and a license agreement regulating the terms of use for Enviro’s recycling technology as well as subsequent compensation. At the same time, the agreement details that compensation applies to the first plant as well as for any future plants that Michelin might decide to build.

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  1. Enviro and Michelin extend strategic partnership letter of intent
  2. Enviro: Improved tyre pyrolysis market will help revenues
  3. Pyrolysis technology: Michelin partnering with Enviro
  4. Corporate bond to finance Environ’s ownership of recycling plants
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UK grants state funding for Swedish tyre recovery technology feasibility study

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Enviro

2G BioPOWER, the UK market representative of Scandinavian Enviro Systems (Enviro), has been granted UK state funding to investigate the possibilities for the “large-scale introduction” of its end-of-life tyre recovery technology into the country. The study’s objectives include investigating the recovery of oil and carbon black from domestic end-of-life tyres. The news follows growing interest in the UK’s ELT processing operations in 2020, particularly driven by advanced pyrolysis processes. Tyrepress discusses more on the UK tyre recovery in Session 4 of the virtual Tyre Industry Conference here. The equivalent of 2.5 million Swedish krona (approximately £220,000) has been granted for the study.

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  4. BASF invests 16 million euros into Pyrum waste tyre oil recovery
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Enviro: Improved tyre pyrolysis market will help revenues

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Scandinavian Enviro Systems AB

Scandinavian Enviro Systems AB is reporting a “dramatic increase in interest” the pyrolysis oil the company extracts from end-of-life tyres. According to the company, the oil has a high bio content due to the natural rubber in tyres and is therefore “of great interest to many players in the market because it could replace fossil-based alternatives”. This, in turn, is likely to help Enviro’s sales revenues. “Based on the market response and our own calculations, we judge that the oil recovered from end-of-life tyres could contribute to a strong increase of revenues from recycling plants that use our technology,” Thomas Sörensson, CEO of Enviro, explained.

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Related news:

  1. RISE and Environ embark on tyre-derived oil research project
  2. Pyrolysis technology: Michelin partnering with Enviro
  3. Co-owned recycling plants: Enviro setting up USA holding company
  4. Corporate bond to finance Environ’s ownership of recycling plants
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Enviro and Michelin extend strategic partnership letter of intent

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Enviro and Michelin have extended their recently signed letter of intent regarding a strategic partnership between Scandinavian Enviro Systems (publ) and the French global tyre manufacturer until October. The original exclusivity agreement built into the initial letter of intent was due to run out on 31 July and would have meant that Enviro couldn’t co-operate with other tyre manufacturers and tyre suppliers until after this date. That too has been extended until the end of October.

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Related news:

  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Pyrolysis technology: Michelin partnering with Enviro
  3. Co-owned recycling plants: Enviro setting up USA holding company
  4. Corporate bond to finance Environ’s ownership of recycling plants
/by

Pyrolysis technology: Michelin partnering with Enviro

Michelin is entering into a partnership with Swedish firm Scandinavian Enviro Systems (Enviro) to develop and industrialise on a large scale pyrolysis technology to recycle end of life tyres into raw materials. The two companies signed a shareholding subscription today that will see a subsidiary of the tyre maker, Michelin Ventures SAS, acquire a 20 per cent stake in Enviro.

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Related news:

  1. Enviro: Improved tyre pyrolysis market will help revenues
  2. Enviro completes Michelin share offer
  3. Enviro and Michelin extend strategic partnership letter of intent
  4. Sunderland chosen as site for ‘UK’s greenest’ tyre recycling plant
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Corporate bond to finance Environ’s ownership of recycling plants

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Scandinavian Enviro Systems (Enviro) is developing a public, international corporate bond to finance the company’s ownership of forthcoming recycling plants for end-of-life vehicle tyres. The work to develop the bond is being carried out in collaboration with the London-based financial adviser, Zenzic Partners.

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Related news:

  1. Co-owned recycling plants: Enviro setting up USA holding company
  2. Enviro: Partners still “highly interested” in Danish, North American tyre recycling projects
  3. Enviro: Improved tyre pyrolysis market will help revenues
  4. Sri Lanka tyre manufacturer signs recycled carbon black order
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Co-owned recycling plants: Enviro setting up USA holding company

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Instead of just approving the use of its technology under license, Scandinavian Enviro Systems (Enviro) intends to introduce its technology worldwide by participating in joint ventures. To facilitate the setting up of such plants in the USA, Enviro’s board of directors has founded a holding company in that market.

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Related news:

  1. Corporate bond to finance Environ’s ownership of recycling plants
  2. Enviro: Partners still “highly interested” in Danish, North American tyre recycling projects
  3. Enviro: Improved tyre pyrolysis market will help revenues
  4. Sri Lanka tyre manufacturer signs recycled carbon black order
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RISE: Tyre-derived oil can be used as fuel

Pyrolysis oil derived from end-of-life tyres can be used as fuel. That is the conclusion of a reported produced by RISE (the EU Research, Innovation and Science Policy Experts Group) along with Enviro and Ragn-Sells as a result of research that kicked off in October 2017.

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Related news:

  1. Australian tyre recycler expanding into Europe
  2. Sri Lanka tyre manufacturer signs recycled carbon black order
  3. RISE and Environ embark on tyre-derived oil research project
  4. Enviro: Improved tyre pyrolysis market will help revenues
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