The jv has secured a multi-year supply agreement with Michelin which includes delivery of carbon black and tyre pyrolysis oil recovered from end-of-life tyres.
Investor Antin Infrastructure Partners will be the majority owner through its NextGen platform but Enviro will have an opportunity to take 30%. Enviro’s patented technology will be licensed to the jv on an exclusive basis throughout Europe. The partners say Michelin will become a partner in the jv as further plants are rolled out.
The first commercial plant will be built in Uddevalla, Sweden, with initial capacity of 34 500 tonnes, equal to 40% of the annual volume of end-of-life-tyres in Sweden. Construction is scheduled to start in the first half of this year, subject to a final investment decision by the jv, and the plant is expected to be fully operational by 2025.
‘Site selection in other European countries has been initiated to ensure a rapid roll-out, with an aim to build recycling capacity for up to approximately one million tons of end-of-life tyres by 2030, corresponding to a third of all tyres being disposed of in Europe each year,’ the press release says.
Alf Blomqvist, chairman of Enviro, says the announcement represents a significant recognition of Enviro’s technological and market leadership in tyre recycling. ‘With Antin’s successful track record in scaling infrastructure platforms and its strong industrial understanding, and Michelin’s leading position in sustainable tyres, we have found excellent partners to jointly accelerate our pan-European plant expansion and contribute to making the tire industry circular.’
Maude Portigliatti, a member of the group executive committee at Michelin, adds: ‘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.’
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