Not Tyre-d to Recycle

Joint Venture formed between Scandinavian Enviro Systems and Antin Infrastructure Partners set to create the world’s first large-scale tyre recycling group

The JV, supported by Michelin, combines Enviro's unique and patented technology for extracting carbon black and pyrolysis oil from end-of-life tyres with Michelin’s position in sustainable tyres and Antin’s expertise in developing and scaling infrastructure platforms enabling the industrial development of innovative recycling technology. Plans have been made to establish end-of-life tyre recycling plants across Europe, with a total capacity to recycle up to 1 million tons of end-of-life tyres annually by 2030. The first plant to be located in Sweden is expected to be fully operational by 2025.

The venture secured a multi-year supply agreement with Michelin for the first plants established. The initial investment in the JV will be funded by Antin’s NextGen platform, the majority owner of the JV. Enviro's ownership in the joint venture will ultimately correspond to approximately 30%. As part of the JV, Enviro's patented technology will be licensed to the JV on an exclusive basis throughout Europe. This new innovative European player will accelerate the circular economy in the tyre industry.

The volume of disposed end-of-life tyres has steadily grown to 3.5 million tons per year in Europe alone. With Michelin’s involvement, end-of-life tyre recycling plants throughout Europe will be producing sustainable raw materials. These include reclaimed carbon black and oils that can be reused in the tyre and petrochemical industries. By replacing virgin carbon black with Enviro's recycled carbon black, carbon emissions can be reduced by more than 90%, as compared with the use of conventional carbon black. The target volume of one million tons of end-of-life tyres ensures carbon dioxide emissions reduction by 670,000 tons.

Maude Portigliatti, Executive Vice President, High Tech Materials – Member of the Group Executive Committee at Michelin, commented, “This is a significant step in our ambition to achieve a circular and more sustainable tyre production. This is further proof of Michelin's ability to step up to achieve its 2050 strategic ambitions and reduce the tyre's overall environmental impact by forging innovative partnerships for an ever more circular industry.”