Scandinavian Enviro Systems has raised SEK 300 million (£23.4 million) via a directed share issue and intends to use 75% of this to acquire shares in the previously announced, Michelin-supported joint venture with Antin Infrastructure Partners and to finance the JV’s first plant. The remaining 25% will finance Enviro’s operations for at least 24 months.
Mercedes-Benz will soon use waste tyres removed from its vehicles in the production of new cars. German pyrolysis recycling specialist Pyrum Innovations has taken the “next step” in its cooperation with the vehicle manufacturer and anticipates recycling several hundred tonnes of used tyres from the Mercedes-Benz Used Parts Centre every year. Pyrolysis oil made from these tyres will be used in the manufacture of vehicle components.
On 29 March, Scandinavian Enviro Systems and Antin Infrastructure Partners announced the formation of a joint venture. Michelin is supporting this JV, which it expects will “create the world’s first large-scale tyre recycling group.”
On 10 March, Hangzhou City, Zhejiang Province’s environmental protection department accepted the Environmental Impact Assessment (EIA) document of Zhongce Qingquan’s waste tyre treatment project. After completing this project, the subsidiary of ZC Rubber will be able to process 20,000 tons of waste tyres (crumb rubber) per year.
SK Incheon Petrochem, a petrochemical wing of South Korean conglomerate SK Group’s intermediate holding company SK Innovation, has made an equity investment into LD Carbon, uses pyrolysis to extract oil from end-of-life tyres. The news confirms earlier reports that LD Carbon was being backed a South Korean petrochemical firm.
Pyrum Innovations will soon begin work on a new facility not far from its main plant in Germany. It reports that the town council in Homburg has unanimously approved the sale of a section of land to Pyrum for the purpose of setting up a new pyrolysis plant. The company hopes the planning and approval process can now “begin as soon as possible.”
Pyrum Innovations has marked an “important milestone” in the expansion of its main plant by installing the two pyrolysis reactors needed to complement the site’s existing production line with a further two. It will soon begin testing the installed components by carrying out loop checks as the first step in the cold commissioning process.
Scandinavian Enviro Systems (Enviro) has received an order for tyre-derived pyrolysis oil, with an estimated value of 4.7 million Swedish krone ($450,000). Enviro hasn’t named the firm behind the order, but has said that it is “the subsidiary of a leading US oil company that submitted an initial order for oil in February of 2022 for production tests”.
German pyrolysis technology company Pyrum Innovations AG has signed a letter of intent with Norway’s Polyfuels Group AB to jointly build and operate up to four pyrolysis plants for the processing of end-of-life tyres (ELT). The joint venture plants will be based on Pyrum technology and will be realised by Circular Tires AS, a wholly owned subsidiary of Polyfuels. The partners intend to build pyrolysis plants for recycling waste tyres in Norway, Sweden, Finland and Estonia by 2030.
A billion tyres reach the end of their useful lives worldwide each year, but landfills are a no-no and a growing number of countries are banning the burning of tyres in cement kilns. What to do with these waste tyres? Pyrum Innovations is showing the world its solution, and customers, project partners and suppliers are already lining up to be part of it.
Pascal Klein, co-founder and chief executive officer of pyrolysis end-of-life tyre recycler Pyrum Innovations AG, has been named a winner of the ‘Top 40 under 40’ award by German business magazine Capital.
Scandinavian Enviro Systems has received a recovered tyre pyrolysis oil order worth SEK 2 million (£158,000) from Preem, Sweden’s largest fuel company. Enviro will deliver the oil in the first quarter of 2023 for Preem’s use in production tests that will determine its suitability for producing biofuels.
Scandinavian Enviro Systems (publ) received an order for its tyre-derived pyrolysis oil from the subsidiary of a leading US oil company for production tests in February 2022. The oil was delivered in June following its approval in accordance with the EU REACH directive, a condition for a final deal.
When it commences operations in 2024, the end-of-life tyre (ELT) processing facility that Bolder Industries, Inc. and three partners are setting up in the Port of Antwerp will be capable of processing approximately 3 million ELTs a year. Bolder says this will “dramatically increase” production volumes for BolderBlack and BolderOil and satisfy increasing demand for these sustainable, circular raw materials in Europe and beyond.
Carlton Forest Group has appointed Mark Horobin its chief financial officer. Horobin, who is ACA (ICAEW) qualified, has enjoyed a successful career in finance with his roles taking him to Denmark, UAE, and Italy in addition to the UK.
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Zhongce Qingquan
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