Pyrum Innovations entered into market making agreement with Pareto Securities
Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tires (ELT) based on its patented tire pyrolysis technology, has entered into a market making agreement with Pareto Securities AS. The purpose of the agreement is to enhance liquidity in the trading of the Company's shares. The agreement is in accordance with the standard requirements of Euronext Oslo Stock Exchange. First day of market making was on 27
About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for end-of-life-tires with its patented pyrolysis technology. Pyrum's pyrolysis process is reported to be completely energy self-sufficient, saves up to 98% of the CO2 emissions normally generated during the combustion of end-of-life tires in a cement plant and produces new raw materials such as pyrolysis oil, gas and recovered carbon black from the waste used as input materials. In this way, Pyrum closes the recyclable material loop and pursues a completely sustainable business model. As a pioneer, Pyrum Innovations AG was the first company in the end-of-life tire recycling sector to receive REACH registration from the European Chemicals Agency (ECHA) for the pyrolysis oil it produces. This means that the oil is recognized as an official raw material and can be used as a raw material in production processes. In addition, Pyrum is continuously researching both new input materials as well as new raw materials to be produced, for example with the ongoing tests for the extraction of hydrogen from the gas obtained by means of the patented technology. These achievements have also been recognized by international experts in the tire industry. For example, Pyrum won the Best Tyre Recycling Innovation category at the inaugural Recircle Awards and has been nominated for the "Grand Prix Mittelstand" ("Großer Preis des Mittelstandes") from the German state of Saarland.
Press release by Pyrum Innovations.
Weibold is an international consulting company specializing exclusively in end-of-life tire recycling and pyrolysis. Since 1999, we have helped companies grow and build profitable businesses.
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NewsletterCirctec and bp sign offtake and €12.5M funding agreements for production of renewable fuels and circular chemicals
bp has signed an eight-year offtake agreement with Circtec, a UK-based technology company that develops and operates innovative pyrolysis chemical process technology and whose plants convert hard-to-recycle waste tyres into HUPATM - Circtec’s proprietary renewable drop-in marine fuel, and circular naphtha petrochemical feedstock. Under the agreement bp is committed to purchasing up to 60,000 tonnes per year of HUPATM renewable drop-in marine fuel and up to 15,000 tonnes per year of circular naphtha petrochemical feedstock, on a take-or-pay basis, from Circtec’s new commercial-scale plant, for eight years after the new plant is commissioned.
May issue of Tire Recycling Insights is out
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Weibold Academy: Advancing sustainability in the tire industry
Globally, over one billion tires become unusable yearly, presenting a valuable resource for the circular economy. Efforts to manage end-of-life tires (ELTs) are underway, with various stakeholders collaborating to improve recycling rates and reduce tire dumping. The World Business Council for Sustainable Development (WBCSD) Tire Industry Project (TIP) has facilitated workshops to foster cooperation among stakeholders in regions such as the US, Europe, and China. While progress has been made in ELT recycling rates, challenges remain, including policy inconsistencies and inadequate market reporting.