Scandinavian Enviro Systems AB (publ) — Cyborg Score 4/10

Mixed
Waste Management & Environmental Technology - Tire Recycling

Strategic Profile

The company has a strategic partnership with Michelin. Through a joint venture with Antin, it plans to establish plants across Europe with a total capacity of up to one million tons of end-of-life tires recycled annually by 2030. The company's strategy focuses on licensing its technology and forming joint ventures, positioning it as a crucial player in the sustainable industrial solutions market.

Cyborg Score Rationale

The company has trailing 12-month revenue of $3.44M (as of September 2025). While the technology is innovative and partnerships are strong, stock performance has been volatile with significant price declines, and the company remains pre-profitability at scale.

Top Insights

  • The company's CFC process holds 3 patents in 52 countries, providing substantial IP protection.
  • Michelin has developed sustainable racing tires containing 46% renewable and recovered material, including recovered carbon black from Enviro, validating market demand.
  • As of February 2026, the stock is trading at 0.2075 SEK, down 68.56% from previous close, indicating significant recent volatility.
  • The company has 91 total employees.

Named Competitors

  • Tire Recycling Technology — Various international waste management and tire recycling companies

Recent Developments

  • (2024-2025) Joint venture with Antin and Michelin support established for European expansion
  • (2025) Uddevalla recycling plant construction and investment decision finalized with supply agreements secured
  • (2025) Fredrik Aaben appointed as new CEO

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