Scandinavian Enviro Systems (Enviro) has received a significant order for pyrolysis oil, with a total estimated value of MSEK 4.7 (USD 450,000). The order was placed by a subsidiary of a leading US oil company, following successful production testing by the customer in 2022.
-Oil recovered from end-of-life vehicle tires
-Same type of oil as previously ordered in 2022
-Delivery expected over a period of 1 year beginning in March 2023
Pricing and Value:
The pricing of the order will be based on current market prices, with Enviro estimating the total value of the order to be approximately MSEK 4.7 (USD 450,000).
Growing Interest in Enviro’s Oil:
“This order is yet another example of the growing interest in the oil we can recover and deliver to the market,” says CEO Thomas Sörensson. Increasing volume requirements among customers confirm the need for expanded recycling capacity, which Enviro has identified and based its expansion plans on.
Certified and Approved:
Enviro’s recovered pyrolysis oil has been certified under the ISCC global sustainability certification system and approved in accordance with the EU REACH Directive.
Expanding Recycling Capacity:
The growing demand for Enviro’s oil highlights the need for expanded recycling capacity. The company is poised to capitalize on this demand with plans in place to meet the increasing volume requirements of its customers.