Pyrum Innovations AG (Pyrum) has already started preliminary discussions with Thermo Lysi SA for the development of a new plant for the recycling of used tires in Greece. Pyrum has agreed to carry out all the planning necessary to obtain the building permits required under Greek law for the new facility, to be built approximately 140 km north of Athens. The facility will have a capacity of 20,000 tons of end-of-life tires per year and will therefore be able to cover almost half of the total amount of end-of-life tires in Greece – the country generates around 45,000 tons of waste tires annually. The new plant will help sustainably recycle these used tires and recover valuable resources.

Pascal Klein, CEO of Pyrum Innovations AG: “We are looking forward to realizing this groundbreaking project in Greece together with Thermo Lysi SA. Commissioning the design and all the work necessary to obtain the building permit underlines the trust and commitment that Thermo Lysi SA has placed in us. Together we will examine the requirements for building a state-of-the-art recycling plant to address the challenges of waste tire disposal in Greece and make an important contribution to the circular economy.”

As part of this review, Pyrum has agreed to carry out the basic engineering and prepare parts of the approval documents for the new plant. There is already an existing tire recycling plant with a shredder plant at the location for the planned plant. This allows synergy effects to be used in the conception and future implementation of the new system. The land on which the new facility is to be built also offers sufficient space for future capacity expansion.

The agreement with Thermo Lysi SA strengthens the extensive and promising pipeline for the construction of pyrolysis plants based on Pyrum technology in Europe. This project 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 begun preparing the approval documents for another facility of its own in Homburg, Germany, with construction scheduled to begin at the end of this year. Here, too, Pyrum assumes, based on the ongoing financing discussions, that the financing will be completely completed by the time the approval applications are submitted.

Press release by Pyrum Innovations AG.