Enviro and Antin Infrastructure Partners to create the world’s first large-scale tire recycling group, supported by Michelin
· Scandinavian Enviro Systems ("Enviro") and Antin Infrastructure Partners ("Antin") announced today to have established a joint venture (“the JV”) in order to, based on Enviro's technology, create the world’s first large-scale tire recycling group. · The JV plans to establish plants across Europe with a total capacity of up to one million tons of end-of-life tires recycled annually by 2030. · The JV partners have agreed on a plan for the financing of the new plant expansion. Antin, a leading private equity firm focused on infrastructure, will finance the initial investments. Michelin,