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Press release

Redeye: Enviro - Updated estimates following FID for Uddevalla

Scandinavian Enviro Systems

Redeye updates its estimates and fair value range for Enviro following the final investment decision for the Uddevalla plant. We argue that the case has been derisked following the signed offtake agreements with Michelin, Nokian tyres, Preem, and H&G Group. Furthermore, the total value of the offtake agreements was higher than we expected, which we consider positive.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Enviro - Updated estimates following FID for Uddevalla

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