The issue secures Enviro's operations for the next 18 months, financing the company beyond the completion of the recycling plant in Uddevalla, through the start of operations, and on to the handover of the plant to the joint venture company Infiniteria, which takes place in mid-2026 when the plant is expected to receive the Provisional Acceptance Certificate (PAC). At PAC, Enviro's technology will have proven to work in a full-scale plant, which is a crucial milestone in the ongoing European rollout towards 1 million tons of annual recycling capacity. The Uddevalla plant will at this stage have the capacity to recycle 34,500 tons of end-of-life tires per year, and all its upcoming production of recycled tire oil, pyrolysis oil, and carbon black (rCB) is already sold out.

Ahead of the rights issue, Enviro's CEO Fredrik Emilson and CFO Fredrik Aaben entered subscription and guarantee commitments. These commitments are reflected in the subscription actions now carried out. Other members of the company's management have also subscribed to a significant number of shares in connection with the issue.

"The management's commitments and subscriptions reflect the strong confidence we all have in the company, its technology, and its ability to both solve a major environmental problem and simultaneously create significant economic value," says Fredrik Emilson, CEO of Enviro.