- Engineering and consulting contract signed with local partner
- New plant in the Czech Republic to have a capacity of 20,000 tonnes of used tyres per year
- New Pyrum plant to be integrated into the partner’s existing plant
Dillingen /Saar, 10 October 2023 — Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) is planning the construction of a Pyrum pyrolysis plant in the Czech Republic together with a Czech energy group. A corresponding consulting agreement has been signed with a subsidiary of the group of companies to prepare the permit for the construction of the tyre recycling plant and to submit the building application. The new plant with a capacity of 20,000 tonnes of used tyres per year is being built in the Czech border region with Germany and is scheduled to go into operation in 2025. The Czech partner, which is active in the field of energy and recycling management, already operates a power plant on the site and therefore has a gas turbine that will also generate electricity from the pyrolysis gas in future. This means that synergies and existing structures can be utilised in the planning and implementation of the new plant.
Pascal Klein, CEO of Pyrum Innovations AG: “We are looking forward to this pioneering project. Using the existing infrastructure to operate the new tyre recycling facility is an approach that fits perfectly with Pyrum’s commitment to sustainability. The plans also underline the ongoing internationalisation of our company. Together with our partner, we will contribute to the circular economy and provide a sustainable solution for used tyre recycling in the Czech Republic.”
A joint venture (special purpose vehicle, SPV) is to be established for the construction and operation of the new plant, in which Pyrum will participate with an expected 30 %. As part of the consulting agreement, Pyrum will carry out the basic engineering and prepare parts of the authorisation documents for the new plant. The site also offers sufficient space for future capacity expansions. The size of the plant is therefore already being designed in such a way that recycling capacities can be doubled in 2027. In addition to Pyrum’s main plant in Dillingen/Saar, the REVALIT GmbH joint venture and the previously announced plans for the construction of pyrolysis plants together with SUEZ recycling and recovery UK Ltd in the UK and Thermo Lysi SA in Greece, the plans in the Czech Republic now represent the fifth concrete project for the construction of a pyrolysis plant.