Pyrum Innovations AG: Building permit for new plant in Greece

  • Pyrum partner Thermo Lysi SA receives building permit for the planned Pyrum plant in Greece
  • Groundbreaking expected for summer 2025
  • Ordering of long leads expected in Q2 2025

Dillingen /​Saar, 8 January 2025 – Last week, the Greek project company Thermo Lysi SA received approval for the construction of a Pyrum plant for the recycling of waste using the pyrolysis process. This means that all the necessary permits and licences for the construction of the new plant in Greece have been successfully completed and the project is now considered “fully approved”. From a regulatory perspective, nothing now prevents a final investment decision from being taken. This decision is expected in the first half of 2025. In the next step, the long leads , i.e. the plant components with the longest delivery times, are expected to be ordered in the second quarter of 2025, to ensure a smooth construction phase later on. Thermo Lysi expects to break ground in summer 2025.

Pascal Klein, CEO of Pyrum Innovations AG: “We are delighted to start the new year with this positive news. Now that all the necessary permits have been granted, we can start the next planning phase. With this construction, our technology crosses the national border for the first time, so we can now look forward to the next joint steps. In future, a further 20,000 tonnes of end-​of-​life tyres per year will be returned to the recycling cycle in the most environmentally friendly way.”

Pyrum Innovations AG and Thermo Lysi SA have previously agreed on the construction of a joint plant in Greece with a recycling capacity of 20,000 tonnes of end-​of-​life tyres per year. The recycling plant will be built on a site about 140 km north of Athens in the Livanates region and will recycle almost half of the annual volume of end-​of-​life tyres in Greece. Pyrum has planned to acquire a 15% equity stake in the project company.

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
Facebook 
Twitter 
LinkedIn 
WhatsApp 
Telegram 

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for used tyres and various plastics with its patented thermolysis technology. Pyrum’s thermolysis 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 thermolysis 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 field of used tyre recycling to receive REACH registration from the European Chemicals Agency (ECHA) for the thermolysis 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 thermolysis 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.