Enviro Takes Another Step to Commercial Success
Enviro’s pyrolysis oil approved under REACH – the company is now able to execute a MSEK 2 order.
Scandinavian Enviro Systems (Enviro) has received approval as an intermediate for its pyrolysis oil according to the EU chemicals regulation, REACH, and therefore will now complete the previously announced order for pyrolysis oil worth MSEK 2 to a leading US oil company.
The approval that has now been received means that Enviro can sell up to 1,000 tonnes of pyrolysis oil per year.
In order to support the broad commercialization of its oil and the company’s expansion plan, Enviro will immediately apply for REACH approval for the sale of unlimited volumes.
The approval is an important first step towards the commercialization of pyrolysis oil since it means that Enviro can begin larger production tests of the oil. The pyrolysis oil order announced earlier this year from a subsidiary of a leading US oil company, worth MSEK 2, was conditional upon approval in accordance with the REACH and will therefore now be executed. The oil is scheduled to be delivered in the third quarter of this year and will be used by the customer for production testing.
REACH approval means that the company considers its pyrolysis oil to have achieved “end of waste” criteria, meaning that it is no longer considered to be waste or needs to be handled as waste.
REACH is the European Parliament and Council’s regulation concerning the Registration, Evaluation, Authorisation, and Restriction of Chemicals. The regulation was introduced in 2007 to better protect human health and the environment from the risks that can arise from chemicals.