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Multinational tyre manufacturer, Michelin, has announced a partnership with Enviro to develop technology to transform used tyres into raw materials. While a formal agreement still has to signed by both companies, ground work has already started.
The partnership aims to deploy Enviro's pyrolysis technology to convert old tyres into raw materials. Enviro developed this technology to modify chemical and physical compositions of pneumatic materials during the pyrolysis process, while ensuring minimal energy consumption.
The partnership will also build a facility to industrialize the pyrolysis technology, however, a location for the facility still has to be confirmed. The companies are also expected to sign a joint-supply agreement.
This partnership will allow for the know-how of both companies to be pooled in order to accelerate tire recycling processes. Michelin will bring its industrial know-how to the plant's construction project, to research & development, and production, while Enviro will bring its patented pyrolysis technology, which will produce high-quality products.
Michelin has a 20 per cent stake in Enviro's capital amounting to roughly Euro 3 million making it the largest shareholder. The Group will support Enviro by its board representation expected to be proposed to the shareholder vote. The shareholding subscription was signed on 15 April.
Sonia Artinian-Fredou, the Business Director of Services & Solutions and High Technology Materials at Michelin said, "The partnership we have just signed with Enviro fits perfectly with Michelin's "All Sustainable" vision. After the acquisition of Lehigh Technologies in 2017, a specialist in high-tech micro-powders derived from recycled tires, this is a further proof of Michelin's long-term commitment to recycling and sustainable mobility."
Enviro's innovative technology enables production of high quality products such as recovered carbon black, pyrolysis oil, steel and gas - products that can then be incorporated into production processes at different industrial sectors. Because of this recycling technology, tyres that are now considered as waste will be recycled into raw materials.
Discussions are ongoing between the two companies with the objective to conclude a final agreement by mid-2020.
Thoughts About The Michelin-Enviro Partnership To Recycle Used Tyres
Recycling has always been a major battle for the tyre industry and its customers. An average of one billion tyre are disposed off every year. This partnership between Michelin and Enviro will allow for used tyres to be converted to new, high quality raw materials that can be used by multiple industries worldwide.