Gasgoo Auto News? Recycling is a major issue for the tire industry and tire customers. Approximately 1 billion tires reach the end of their life every year. However, new recycling technologies see tires being used to create new, high-quality raw materials. Enviro, a Swedish start-up company with 20 employees, was founded in 2001. The company has developed a technology that can change the chemical composition and physical phase of such pneumatic materials (tyres) during the pyrolysis process, while ensuring that energy consumption is reduced to lowest.
(Image source: Michelin)
This highly innovative technology can produce high-quality products such as recycled carbon black, pyrolysis oil, steel or natural gas, Such products can be reintegrated into production processes in different industrial sectors. Thanks to this recycling technology, tires that are now considered waste can be recycled and remade into raw materials.
According to foreign media reports, tire manufacturer Michelin is collaborating with Enviro to develop and mass-produce an innovative pyrolysis technology to recycle tires at the end of their life. The two companies will cooperate based on the following four aspects:
1. Sign a development agreement to deploy Enviro’s pyrolysis technology on a larger scale;
2. Michelin will The acquisition of 20% of Enviro's shares for a total of 32,526,262 Swedish kronor (approximately 3 million euros), equivalent to 116,165,223 shares, made Michelin the largest shareholder of Enviro. Michelin Group will support Enviro through board representatives and is expected to submit it to a shareholder vote. On April 15, local time, the two parties have signed a share subscription agreement;
3. The two parties will cooperate to build a project to industrialize the technology, and the factory site will be determined later;
< p>4. Michelin and Enviro also reached a joint supply agreement.The partnership enables the complementary expertise of both companies to accelerate tire recycling. Michelin will contribute its industrial expertise to the factory construction project and provide expertise in research and development and production. Enviro will provide its patented pyrolysis technology to produce high-quality products.
Currently, the two companies are still negotiating, aiming to reach a final agreement in mid-2020.
This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.