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Pascal Klein, CEO and largest single shareholder of Pyrum Innovations AG (Pyrum), held a total of 4,000 Pyrum shares on July 31, 2023 sold over the counter (OTC) to the member of the Supervisory Board Jürgen Opitz. Mr. Opitz thus increases his shareholding slightly and, including attributable shares, holds around 8% of Pyrum. Pascal Klein continues to hold around 10% of the company. The transaction was executed as an OTC transaction at a purchase price of EUR 50.00 per share and thus around 3.7% above the average of the last five trading days before the conclusion on Xetra (EUR 48.23). The corresponding notifications from Pyrum Innovations AG on proprietary transactions by executives are available on the company’s website.

Ecolomondo Corporation – a cleantech company specializing in the commercialization of its Thermal Decomposition Process (TDP) proprietary recycling technology and the global deployment of TDP turnkey facilities – announced that Reactor 1of its 2-reactor TDP plant in Hawkesbury, Ontario, has been certified by TSSA (Technical Standards and Safety Authority) for the use of the syngas (process gas) produced from TDP production cycles as the energy source to fire up reactors.

According to Bnamericas platform, Chile recently enacted the extended producer responsibility (EPR) law, which compels the mining industry to take responsibility for recycling 25% of their end-of-life tires (ELTs) and storing at least 50% of them, either directly or through a third party. This regulation applies to producers, importers, sellers, and waste managers, as ELTs from mining trucks pose a significant environmental concern. Unlike car tires that weigh around 9kg each, conventional truck tires weigh approximately 38kg, and mining truck tires can be as heavy as 4,000kg.

The III Latin American Tire Recycling Conference, also known as JornadasReciclaje, represents an excellent opportunity to explore various alternatives in technologies, regulations, developments, and diverse solutions related to tire recycling in Latin America. The Latin American Society of Rubber Technology (SLTC) aims to be a driving force for technological, entrepreneurial, and management knowledge in the rubber industry. With over 6,000 members and 30 years of experience, SLTC is committed to the principles of the circular economy, sustainability, and rubber product recycling within the industry.

Pyrolysis, an advanced chemical recycling route for End-of-Life Tires (ELT), is experiencing a boom in the last few years. As seen objectively, there is no one best design and/or process mode. Different options can be considered depending on the local circumstances and/or targeted product yields and qualities. While only a small portion of global ELT arisings (31 million tons per year) are currently finding their way to thermochemical decomposition, recent developments are showing strong signs of promising opportunities.

In a move to achieve its sustainability goals, Saudi Arabia’s environmental management services company Reviva signed an agreement with HAMAH Holding Co. and Taiwanese recycling firm Enrestec to recycle waste tires at the regional level. This new partnership seeks to promote recycling, protect resources, and significantly decrease environmental pollution.

Episode 53 of the Tyre Recycling podcast features industry experts Paul Lloyd and Dan Hutchinson from WF Recycle-Tech. As Directors of the company, they share insights on their pyrolysis system they haveve developed, which has the potential to become another key player in the field.

Pyrum Innovations AG (Pyrum), a pioneering company that recycles old tires sustainably with its globally patented, unique pyrolysis technology, reports that the company has been nominated for the “Rising Star” award. This is presented as part of the European Small and Mid-Cap Awards and goes back to a joint initiative of the Association of European Stock Exchanges (FESE), the EU Commission and EuropeanIssuers. Pyrum is the only German company among the nominees in this category this year. With the award ceremony, FESE recognizes the resilience and innovative strength of small and medium-sized enterprises throughout the European Union and their contribution to economic growth.

According to Estonian source ERR News, Swedish waste disposal company Ragn-Sells AS intends to establish a tire-shredding plant, likely in Lääne-Viru County, to recycle end-of-life rubber into oils for Enefit Power plants. This move aims to alleviate a major tire dump near Tartu. Pyrolysis process is used to transform end-of-life tires into a usable raw material. Tire importers meanwhile have set up a new producer responsibility organization, which would collect end-of-life tires due to be shredded, as they say they are not satisfied with the Rehviringlus, the organization currently tasked with recycling tires.