Enviro: Receives its first-ever commercial order from a leading US oil company – Redeye

Redeye is positive to the commercial follow-up order of SEK4.7m from a leading US oil company (the same company that made successful production tests during 2022). The order is still only scratching the surface of the true potential of TPO (tyre pyrolysis oil), but more importantly, it sends several positive signals that we believe should be amplified. It also gives Enviro’s production facility in Åsensbruk a higher degree of utilization, which we find positive ahead of the construction of Enviro’s Uddevalla factory.