Michelin announces the construction of 'Sweden's first end-of-life tire recycling plant', in collaboration with Antin - the joint venture's majority shareholder - and Enviro - which has an option to become a 'significant minority shareholder'.

Located in Uddevalla, the project is based on Enviro's unique pyrolysis technology, which extracts raw materials from composite products.

This first plant will have a recycling capacity of around 35,000 tons of end-of-life tires per year, and will create up to 40 jobs in the local community.

Michelin reports that the joint venture has already secured a series of multi-year contracts for the supply of end-of-life tires, carbon black and pyrolysis oil from the recycling process.

Construction of the site has already begun, and the plant is scheduled to be operational in 2025.

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