Linklaters has advised Antin Infrastructure Partners on its joint venture with Scandinavian Enviro Systems, backed by Michelin, to create the world’s first large-scale tyre recycling group. The multi-practice Linklaters team was led by partners Joakim-Antoine Charvet (Luxembourg, Tax), and Manfred Müller (Luxembourg, Corporate M&A).

The team also included managing associates Catherine Kremer (Luxembourg, Corporate M&A), Cyrielle Nis (Luxembourg, Tax); associates Axelle Gagliardi, Hamza Hacham, Anna Romanova (Luxembourg, Corporate M&A), Gaëtan Molina (Luxembourg, Tax), and junior associate Yang Zhang (Luxembourg, Corporate M&A).

“By drawing together the skills and expertise from right across the firm, Linklaters provided specialist advice to Antin Infrastructure Partners throughout this historic development in carbon-reduction solutions. This joint venture, with support from Michelin, partners cutting edge technology with private equity financing that will transform end-of-life tyre processing and boost the circular economy.” Joakim-Antoine Charvet

Antin has always been at the forefront of identifying key areas of tomorrow’s infrastructure and this latest joint venture can be a critical step in accelerating Europe’s circular economy. With Enviro System’s patented technology, the joint venture aims to build recycling capacity for up to one million tons of end-of-life tyres annually by 2030 by extracting carbon black and pyrolysis oil from used tyres. This development could see carbon emissions reduced by more than 90 percent compared to using conventional carbon black. Michelin’s support builds on its leading position in sustainable tyres and its commitment to building a more circular tyre production process.