Long-awaited breakthrough for Enviro in Chile
Enviro is to receive project support of around SEK 1 million from the Chilean state to develop a Basic Design – a necessary step in the process of establishing a recycling plant in the country. The decision comes following an exhaustive evaluation of Enviro's technology and its potential.
"The project support is a major breakthrough. Now we are one step closer to establishing a recycling plant in Chile. The aim is to begin a Basic Design in the early autumn, together with our collaboration partner ÅF", says Thomas Sörensson, CEO of Enviro.
Enviro previously established contact with and applied for support from CORFO, a Chilean state organisation. The aim has been to finance an initial step in the process of developing a new plant.
"A Basic Design involves a detailed drawing of a recycling plant which is then used as the basis for the application for a complete plant. The amount we have been awarded is a little over SEK 1 million and the payment is linked to us reporting back to CORFO as the project progresses."
Enviro has been cultivating the Chilean market over several years, building relationships and presenting its plant solution for recycling of used tyres.
"The process has taken some time as CORFO carefully evaluates every project and its impact on the country. We are convinced that the visit of King Carl XVI Gustaf to our plant in the spring and His Majesty's invitation to participate during the Chilean presidential visit in May have contributed greatly to this outcome. That invitation meant that we had the opportunity to present the company and our technology to both Madame Bachelet, the Chilean President, and CORFO's vice president, Mr. Bitran."
Chile is one of the world's largest markets for mining and vast amounts of tyres are used within industry, something which over time has become an extensive environmental problem.
"In the autumn we will be producing a Basic Design together with ÅF. The work is expected to take three months. There is significant need for our technology in Chile and we hope to receive more positive decisions as soon as the project is completed", says CEO Thomas Sörensson.
Enviro is an environmental company that offers profitable recycling of tyres and provides processed materials, primarily to the rubber industry. The company sells complete environmental plants to industrial investors and also runs its own plant for worn-out tyres in Åsensbruk, Sweden. Enviro was founded in 2001 and has its head office in Gothenburg; it has 20 employees and is listed on the Nasdaq First North with Erik Penser as certified advisor (telephone +46 8-463 80 00). http://www.envirosystems.se/?lang=en