Scandinavian Enviro Systems AB has signed a letter of intent with an undisclosed partner for the potential licensing of its proprietary tyre pyrolysis technology in North America
The letter of intent between Enviro and its undisclosed partner outlines plans for a joint study to assess the commercial and technical feasibility of establishing one or more end-of-life tyre (ELT) pyrolysis facilities using Enviro’s technology.
The study aims to provide the prospective partner with a basis for assessing the conditions for a potential long-term commercial collaboration and technology licensing arrangement. Any future agreements will depend on the study’s outcome and subsequent negotiations between the parties. Enviro noted that there is currently no guarantee that the process will result in a binding agreement or a completed transaction.
Commenting on the development, Fredrik Aaben, CEO of Scandinavian Enviro Systems, said: “We continue to see strong international interest in Enviro’s technology and this letter of intent is yet another proof of this.”
