Enviro withdraw from Elysium Nordic JV as Michelin investment redirects efforts
Michelin Investment in Enviro Changes WindSpace Direction
Danish firm WindSpace has announced a partnership agreement with Canadian firm Environmental Waste International (EWI) for the Development of Tire Recycling Plants in Europe.
EWI’s patented Reverse Polymerisation technology and microwave delivery system will be developed at Windspace’s Elysium Nordic plant in Nyborg, Denmark.
The proposed Joint Venture with Enviro Systems has been set aside as the investment by Michelin in Scandinavian Enviro sees the company look in a different direction to further develop their pyrolysis project in partnership with Michelin. Brief details of this are available in Enviro’s latest report to June 2020.
EWS has developed a proprietary system for processing rubber tyres via a unique microwave technology that safely processes and recycles waste tyres, while recovering highly valuable commodities, including reclaimed carbon black (rCB), steel, syngas and oil. Each unit is designed to be environmentally safe, energy efficient, and economically profitable for the operator
Jens Elton Andersen, CEO of WindSpace said, 'We are delighted to enter the tyre recycling business in partnership with EWS. We chose EWS after an exhaustive two-year search for the best available technology both from an economic and environmental perspective. We are looking forward to a long and successful partnership in Europe.'
Bob MacBean, EWS CEO said, 'We are delighted to have WindSpace as our partners in Europe. This endorsement from a sophisticated and experienced group is an important milestone which confirms our belief that our technology is the best-in-class solution to the worldwide reclamation of waste rubber problem. The timing seems right for our long-term developmental efforts to be rewarded. We are currently in various stages of discussion with prospective customers or partners around the world, which underscores the global nature of the problem and the attractiveness of our solution.'