- 49% equity stake secured by Pyrum
- Long-term oil offtake agreement for new plant for ten years concluded
- Commissioning expected in 2027
Dillingen /Saar, 20 November 2025 – Pyrum Innovations AG (“Pyrum”, ISIN: DE000A2G8ZX8) and SUAS Ecology s.r.o. have a Shareholder agreement for the joint venture „SUAS reTIRE s.r.o.“ in the Czech Republic. Under the terms of the agreement, Pyrum is taking a 49 % stake in the equity of the new joint venture, which will develop, build and operate a state-of-the-art recycling plant in the Czech Republic provides.
By successfully securing its equity share of around € 8.6 million, Pyrum has taken an important step towards full project financing. Another major milestone is the Conclusion of a long-term oil purchase agreement over ten years for the pyrolysis oil produced at the future plant – a strong signal of confidence in Pyrum’s technology and the future viability of the project.
The next steps now include finalising the loan agreements with the financing bank in Czechia and concluding the plant purchase agreement. Latest in spring 2026, orders for plant components with long delivery times (long-lead items) are to be initiated, accompanied by preparations for the ground-breaking. The start of construction will mark the transition to the implementation phase and make an important contribution to the expansion of a sustainable circular economy in Europe.
Martin Čermák, Deputy Chairman of the SUAS GROUP and Chairman of the Board of Directors of Sokolovská uhelná: „With the signing of the contract, we are looking forward to a long-term and close collaboration with Pyrum. This partnership combines our technological expertise, industrial strength and strategic goals in a project of particular importance. We are proud to be the Growing circular economy in Europe together with Pyrum. We are now entering a new phase in which we will make this work a reality and realise the full potential of our collaboration.“
Pascal Klein, Chairman of the Management Board of Pyrum Innovations AG: „We are very much looking forward to the next joint steps with SUAS reTIRE. By securing the equity base and concluding the oil purchase agreement, we have reached two decisive milestones that further strengthen confidence in our joint project. For us, this new plant is far more than just another facility – it stands for progress, coöperation and proof that the circular economy can work successfully on an industrial scale. Together with SUAS, we want to show that sustainable technologies and economic success can go hand in hand.“
The new system with a Recycling capacity of over 22,000 tonnes of used tyres per year will be built in Vřesová, near the German-Czech border, and is expected to go into operation in 2027. SUAS already operates a power plant at the site, which will be able to convert the gas produced during pyrolysis into electricity without additional investment – an important step towards efficient and resource-conserving energy utilisation.
About SUAS GROUP a.s. & Sokolovská uhelná, a Legal Successor, a.s.
SUAS GROUP is a progressive group of companies active primarily in energy, transportation, circular economy, real estate development, and engineering. The group’s wide-ranging activities stem from its commitment to the region’s future, environmental quality, and sustainable development. The initiatives prepared and implemented by the group align with the gradual transition to emission-free energy and the transformation of Sokolov and the broader region.
Sokolovská uhelná is one of the largest independent electricity producers in the Czech Republic. It also generates thermal energy, supplying 51,000 households in the Karlovy Vary and Sokolov regions. One of its main products is energy coal.
