"The order underscores the enormous interest in and perception of the quality of our recycled raw materials. From Åsensbruk, with this agreement, we are selling all the ISCC EU-certified oil we can produce. For the upcoming plant in Uddevalla, the situation is the same, where all oil, regardless of grade, is sold out through so-called offtake agreements even before the facility is operational," says Fredrik Emilson, CEO of Enviro.

Oil recycled from end-of-life vehicle tires and meeting ISCC EU requirements offers significant environmental benefits and can therefore be sold at a higher price than its traditional counterparts. Biofuels produced from oil certified according to ISCC EU can be mass balanced as 100 percent renewable.

"The demand for our recycled raw materials is very high and is connected to their significant environmental advantages. Our recycled carbon black has more than 90 percent lower carbon footprint than virgin carbon black. Regarding the oil, half of it is renewable as it comes from natural rubber, thereby allowing oil companies to produce products with significantly lower climate impact," says Fredrik Emilson.

The current customer successfully conducted production tests of Enviro's pyrolysis oil in 2022 and has since received continuous deliveries of oil from Åsensbruk. The customer has also expressed great interest in purchasing oil from the upcoming plant in Uddevalla in the future.

The market's high demand for recycled pyrolysis oil and carbon black is behind the formation of Infiniteria, the joint venture created between Enviro and Antin Infrastructure Partners, supported by Michelin. Even before the plant began construction, the joint venture company had signed binding long-term supply agreements worth SEK 2 billion with leading tire manufacturers and oil companies.