Enviro, Treadcraft extend partnership; plan jv for a new recycling plant

Enviro, Treadcraft extend partnership; plans jv  for a new recycling plantSweden-headquaretred Scandinavian Enviro Systems, a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT); and Canadian recycler Treadcraft Limited extend the MoU that was signed on 29 June, 2018 by six months. The parties intend to establish a joint venture for co-ownership of a recycling plant to be based in New York, with an annual capacity of 30,000 tonnes tyres.

“The fact that we have a specified site for the plant is an important step forward. We will now continue to formalise the terms and conditions of the project. Within the next six months, legal, financial and license issues will be clarified, and a plant order will be established. Joint ownership is in line with Enviro’s new business model and it means that we will benefit from the returns that will be generated by a plant,” says Thomas Sörensson, CEO of Enviro.