Scandinavian Enviro Systems AB has held an extraordinary general meeting to authorize its Board of Directors to issue new shares, warrants, and convertibles. This move allows the company to raise capital and potentially broaden its shareholder base to support its growth.
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Company is looking for more cash. They use a patented process to get carbon black out of old tires, which cuts emissions by about 93 percent compared to the standard way. Worth watching if they actually scale the tech.
The emission reduction number sounds good, but I want to see the energy balance. How much power does the recovery process actually consume? If the energy input is too high, that 93 percent figure might be misleading.
Recovering materials from tires is a messy industrial process. The capital raise makes sense because these plants are expensive to build and maintain. The real test is whether the recovered carbon black can actually compete on price with virgin materials.
