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Redeye updates its estimates following the ground-breaking news of the establishment of a Joint Venture (JV) with Antin and Michelin, creating a framework for the roll-out of recycling plants capable of handling up to 1m tons of end-of-life tyres pa by 2030. The JV increases our confidence in the investment case of Enviro, and several aspects are now significantly de-risked in our view.
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