Used tires Michelin, Antin, and Enviro to build the first recycling plant

From Cara Stibolitzki | Translated by AI 1 min Reading Time

A joint venture aims to recycle up to 35,000 used tires per year. For this purpose, a factory is now being built in Uddevalla, Sweden.

Used tires contain valuable raw materials such as carbon black and oil, which can be reused.(Image: Michelin)
Used tires contain valuable raw materials such as carbon black and oil, which can be reused.
(Image: Michelin)

In Europe alone, approximately 3.5 million tons of used tires accumulate annually. To recover the raw materials they contain, the three companies Antin, Enviro, and Michelin are turning to so-called pyrolysis technology. Now, construction has started for the first plant in Uddevalla, Sweden. This is expected to commence operations in 2025, create up to 40 jobs, and process about 35,000 tons of used tires annually.

As soon as the Uddevalla facility commences operations, the joint venture, which was established in 2023, will begin constructing additional plants throughout Europe. These are expected to process about one million tons of used tires annually. For this, the private equity firm Antin and Enviro, a provider of packaging solutions, have already agreed on a financing plan. A series of multi-year contracts for the supply of used tires as well as for the reclaimed carbon black and pyrolysis oil have also been signed.

Low-emission alternative

The recycling technology developed by Enviro makes it possible to extract valuable raw materials from used tires, including carbon black and oil. These can be used in the manufacturing of tires and in the petrochemical industry. The recycled material can reduce the emissions that conventional carbon black would cause by more than 90 percent.

Anand Jagannathan, Senior Partner at Antin, says, "We are excited to announce, together with Enviro and Michelin, the construction of the first of several planned plants of the joint venture. We are thrilled by the idea of a fully circular platform: it recycles tires at the end of their life cycle and turns them into sustainable raw materials."

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