(AOF) – Michelin is partnering with Antin to build the first end-of-life tire recycling plant in Sweden. The tire group is finalizing with its partners a joint investment plan for the construction of this site in Uddevalla, north of Gothenburg, with a recycling capacity of around 35,000 tonnes of end-of-life tires per year. This site, already under construction, should be operational in 2025. Michelin specifies that this project will be based on Enviro’s unique pyrolysis technology, which makes it possible to extract raw materials from composite products.
Antin, an investment company specializing in infrastructure, and Swedish recycling company Enviro (Scandinavian Enviro Systems) created a joint venture in March 2023 to build a series of factories in Europe. Antin is the majority shareholder of the joint venture, Michelin a minority shareholder and Enviro has an option to become a significant minority shareholder.
The joint venture plans to build factories across Europe, aiming for a total annual recycling capacity of one million tonnes of end-of-life tires.
The volume of tires reaching the end of their life cycle and then discarded has continued to increase, reaching today 3.5 million tonnes per year, on the European continent alone.
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