Enviro signs MoU regarding a plant in the USA with tyre recycling company

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Scandinavian Enviro Systems AB (publ) (”Enviro”) has signed an MoU (Memorandum of Understanding) with the Treadcraft Limited to establish a new recycling plant in the city of Buffalo, New York, USA. The agreement is valid for a period of 6 months and applies to a recycling plant of minimum 30,000 tonnes of end-of-life tyres per year.

The project has great support from both the State of New York and the city of Buffalo. The ambition is to start the project at the end of this year, says Thomas Sörensson, CEO Enviro.

The contracting party Treadcraft Limited, located in Wainfleet, Ontario, Canada, was incorporated in 2007, and is today active on the North American market.

Terry Gilmore, President of Treadcraft Limited, says the following:

The collaboration will produce a full scale facility, capable of processing a minimum of 30,000 tons of scrap tire material annually, is to be located in the Buffalo, New York area, close to international transportation routes for the ease of materials transportation to and from the facility.

Treadcraft is pleased to partner with Scandinavian Enviro Systems of Sweden and their process to produce valuable recycled carbon black for industry from this waste tire material. Treadcraft is working closely with large industrial companies, in several sectors, to introduce the economic and environmental benefits of recycled carbon black produced by the Scandinavian Enviro Systems' process.

The project has great support from the state, regional, and local officials in the Buffalo Niagara Region (New York) who believe the Scandinavian Enviro Systems business fits with their long term plan to reform their heavy industrial past with the new "green" industries of the future.”

For more information, please contact:
Thomas Sörensson, CEO of Enviro, tel: +46 (0)735-10 53 43, thomas.sorensson@envirosystems.se  
Alf Blomqvist, Chairman of the Board, Enviro, tel: +46 (0)733 149 700, alf@blomqvistunlimited.com

Scandinavian Enviro Systems AB
Regnbågsgatan 8C
417 55 Gothenburg
info@envirosystems.se
www.envirosystems.se

This information is information that Scandinavian Enviro Systems AB (publ) is required to publish under the EU regulation on market abuse. The information is provided under the auspices of the contact person listed above for publication on June 29th 2018 at 19:45 CET.

Enviro is an environmental technology company that offers profitable recovery of tyres and processed materials primarily to the rubber industry. The company sells turn-key environmental facilities to industrial investors and also operate their own plant for end-of-service tyres in Åsensbruk, Sweden. Enviro, headquartered in Gothenburg, was founded in 2001, has 20 employees, and is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, as its Certified Advisor. https://www.envirosystems.se/en/

About Us

Enviro is a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT). The company has developed a process, based on a patented technology, where gas generated in the process is heating the tyres in absence of oxygen. This enables the materials in the tyres to decompose and be recovered instead of incinerated. Thus, a sustainable recovery of the resources Carbon black, Oil, Steel and Gas is obtained. The products are used in new products, replacing fossil resources to help the customers reach their sustainability targets. Enviro was founded in 2001, has its head office in Gothenburg and runs its own plant for ELT tyres in Åsensbruk, Sweden. The company is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, ca@mangold.se, as its Certified Advisor. www.envirosystems.se

Subscribe