Pyrum Innovations AG and Thermo Lysi SA are planning to build recycling plant in Greece

  • New plant design contract has been signed

Dillingen /​Saar, 14 September 2023 – Pyrum Inno­va­tions AG (“Pyrum”, the “company”, ISIN: DE000A2G8ZX8) has already started preli­mi­nary discus­sions with Thermo Lysi SA to develop a new plant for the recy­cling of end-of-life tyres (ELT) in Greece. Pyrum has agreed to perform all the neces­sary plan­ning that will be used for buil­ding permits, as required by the Greek Law, for the new plant, appro­xi­m­ately 140 km north of Athens. The plant will have a capa­city of 20,000 tons of ELT per year and will be able to cover almost half of the total quan­tity of ELT in Greece — the country curr­ently produces about 45,000 tons of ELT per year. The new plant will help to recycle these tyres sustain­ably and recover valuable resources.

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “We are looking forward to reali­sing this ground­brea­king project in Greece toge­ther with Thermo Lysi SA. The assign­ment of the design and all the neces­sary work for the issu­ance of the buil­ding permit under­lines the trust and commit­ment Thermo Lysi SA has shown us. Toge­ther we will explore the possi­bi­lity of buil­ding a state-of-the-art recy­cling plant to address the chal­lenges of end-of-life tyre disposal in Greece and make an important contri­bu­tion to the circular economy.”

Under the terms of this inves­ti­ga­tion, Pyrum is willing to carry out the basic engi­nee­ring and to prepare parts of the docu­men­ta­tion required for the permits of the new plant. An exis­ting tyre recy­cling unit with a shredder is already located at a nearby site of the planned plant. This means that syner­gies can be used in the design and future imple­men­ta­tion of the new plant. The land on which the new plant will be built provides suffi­cient space for future capa­city expansion.

The agree­ment with Thermo Lysi SA further streng­thens the exten­sive and promi­sing pipe­line for the cons­truc­tion of pyro­lysis plants based on the Pyrum tech­no­logy in Europe. The said venture, is the first outside Germany. The company has recently signed several letters of intent with various compa­nies for joint projects. In addi­tion, Pyrum has already started prepa­ring the appr­oval docu­ments for another of its own plants in Homburg, Germany, where cons­truc­tion is sche­duled to start at the end of this year. Again, based on ongoing finan­cing discus­sions, Pyrum expects that full finan­cing will be in place by the time the permit appli­ca­tions are submitted.

Pyrum Innovations AG

Contact us

IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E‑mail: pyrum(at)ir-on.com

Pyrum Inno­va­tions AG
Diesel­strasse 8
66763 Dillingen
E‑mail: presse(at)pyrum.net
https://​www​.pyrum​.net

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About Pyrum Innovations AG

With its patented pyro­lysis tech­no­logy, Pyrum Inno­va­tions AG is active in the attrac­tive recy­cling market for used tyres and various plas­tics. Pyrum’s pyro­lysis process is largely energy self-suffi­cient and, accor­ding to the Fraun­hofer Insti­tute, saves signi­fi­cantly more CO2 emis­sions than today’s stan­dard recy­cling processes for used tyres — espe­ci­ally compared to inci­ne­ra­tion in cement plants — and produces new raw mate­rials such as pyro­lysis oil, gas and recy­cled carbon black (rCB) from the waste used as input mate­rials. In this way, Pyrum closes the mate­rial cycle and pursues a 100% sustainable busi­ness model. As a pioneer, Pyrum Inno­va­tions AG was the first company in the waste tyre recy­cling sector to receive REACH regis­tra­tion from the Euro­pean Chemi­cals Agency (ECHA) for the pyro­lysis oil it produces back in 2018. This means that the oil is reco­g­nised as an offi­cial raw mate­rial that can be used in produc­tion processes. In addi­tion, Pyrum has received ISCC PLUS certi­fi­ca­tion for the pyro­lysis oil and the rCB. Both products are ther­e­fore reco­g­nised as sustainable and rene­wable raw mate­rials. Pyrum has also received ISO 14001 certi­fi­ca­tion for its envi­ron­mental manage­ment system and ISO 9001 certi­fi­ca­tion for its quality manage­ment system. These successes have also been reco­g­nised by inter­na­tional experts in the tyre industry. For example, Pyrum was hono­ured at the first Recircle Awards in the cate­gory Best Tyre Recy­cling Inno­va­tion and has been a fina­list for the German SME award three times in a row.