GOTHENBERG, Sweden—A joint venture recently established between Enviro Scandinavian Systems A.B. and Antin Infrastructure Partners, with French tire manufacturer Michelin supporting the JV, is being touted as the world's first large-scale tire recycling group.
Enviro, which will provide the pyrolysis technology (with carbon black and pyrolysis oil as output commodities) necessary to recycle end-of-life tires, will be represented by Chairman Alf Blomqvist and CEO Thomas Sorensson on the JV's Board of Directors.
The JV had its first board meeting June 1, with Blomqvist and Sorensson selected to the board at that time.
In accordance with the arrangement, "Enviro is entitled to board representation in the joint venture from the start," Enviro stated in a June 2 release.
The Board will meet on a monthly basis, Enviro said.
The Swedish firm said March 30 that it was establishing the JV "to commercially scale its technology and output over the next seven years."