Pyrum and UNITANK sign MoU for joint construction and operation of pyrolysis plants
On the 20th of September 2022, Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, and UNITANK Betriebs- und Verwaltungs GmbH (UNITANK), an operator of tank terminals, intend to jointly build and operate pyrolysis plants as part of a joint venture. The two companies agreed on this matter in a Memorandum of Understanding (MoU). According to the MoU, a total of up to ten pyrolysis plants for recycling ELT is to be built in the EU by 2030. The first plant is to be constructed in Germany. Pyrum and UNITANK want to make a final decision on the exact location by the end of the current year. The final investment decision is to be made in 2023, with commercial operation of the first plant starting 24 months later, i.e. probably towards the end of 2025.