Scandinavian Enviro Systems AB (publ) (“Enviro”) announces that it has signed a letter of intent with an undisclosed party regarding the potential licensing of Enviro’s proprietary technology for the establishment of one pilot plant and several full-scale tyre pyrolysis plants in Brazil.
The Letter of Intent outlines the parties’ intention to collaborate on an assessment of the commercial and technical viability of the contemplated project. The study aims to provide the prospective licensee with a basis for evaluating the conditions for a potential long-term commercial collaboration and technology licensing agreement.
Brazil represents a very large end-of-life tyre market and offers significant long-term potential for sustainable tyre recycling and recovery of valuable raw materials. The contemplated collaboration would further strengthen Enviro’s position as a leading technology provider within circular solutions for end-of-life tyres.
Any future agreements are subject to the outcome of the study and subsequent negotiations between the parties. There can be no assurance that the study will result in any binding agreements or that any transaction will ultimately be completed.
“We continue to see very strong and growing interest in Enviro’s technology, and this Letter of Intent is another clear indication of the commercial potential for our offering. Interest is coming from all major regions of the world, reflecting the increasing global demand for Enviro’s sustainable and scalable solutions for end-of-life tyres” says Fredrik Aaben, CEO of Scandinavian Enviro Systems.