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Under the letter of intent, the parties intend to conduct a study to assess the commercial and technical viability of one or several End-of-Life Tyre (ELT) pyrolysis facility based on Enviro’s technology. The purpose of the study is to provide a basis for the prospective licensee to evaluate the conditions for a potential long-term commercial collaboration and technology licensing agreement.

As reported by Market Screener, Pyrolyx AG – an internationally renowned producer of recovered carbon black from end-of-life tires – recently announced that it would continue the current shut down of its recovered carbon black (rCB) manufacturing facilities in Terre Haute, Indiana and Stegelitz, Germany, which was at first announced on March 24, 2020. During the shutdown of its manufacturing facilities, Pyrolyx is reviewing operational and financial requirements to reopen facilities safely and efficiently at a later point of time.

Lummus Technology, a global provider of process technologies and value-driven energy solutions, and MOL Group, the leading integrated Central Eastern European oil and gas corporation, have announced their agreement to cooperate in the deployment and integration of chemical recycling of plastics at MOL’s assets in Hungary and Slovakia. Chemical recycling of plastics is part of MOL’s commitment to collect close to 5 million tonnes of municipal solid waste, which includes the treatment and related investments.

Pyrum Innovations AG – a pioneering company that sustainably recycles used tires with its globally patented, unique pyrolysis technology – continues to consistently pursue its growth course. At the beginning of January, a wholly owned subsidiary “Pyrum GreenFactory II GmbH” was founded to operate the second Pyrum plant in Saarland.

Scandinavian Enviro Systems AB (publ) ("Enviro" or the "Company") today announces that Enviro is terminating agreements with Infiniteria Europe Sàrl and Cuibhil Luxco regarding the collaboration related to the joint venture Infiniteria (the "JV Company"). The terminations are made within the framework of Enviro’s ongoing corporate reorganization and with the support of Chapter 3, Section 9 of the Swedish Company Reorganization Act. The notice period is three months.

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.

On February 3, key local personnel from Scandinavian Enviro Systems and Antin Infrastructure Partners’ joint venture company Infiniteria, moved to the site outside Uddevalla where the joint venture company is establishing its first full-scale recycling plant. Among the personnel now starting to work from the site are Fredrik Alpner, Plant General Manager, along with about ten other key individuals.

Pyrum Innovations AG announced that its partner, Thermo Lysi SA, has received funding approval from the European Innovation Fund (EIF), securing €29.4 million for their joint tire recycling project in Greece. The facility, which will process around 45,000 tonnes of end-of-life tires annually, is set to become one of Europe’s largest and most advanced pyrolysis plants. Built on Pyrum’s patented thermolysis technology, the project represents a total investment of approximately €100 million, with Pyrum planning to acquire at least a 10% equity stake in the project company.

One of the milestones of the new year for AZuR is the establishment of a new, interdisciplinary project group. The fourth AZuR project group, initially consisting of 11 partners under the leadership of Martin von Wolfersdorff, aims to generate fresh ideas for the chemical recycling of used tires. Interdisciplinary AZuR project groups are intended to advance innovative recycling methods for used tires. Currently, there are already project groups focusing on retreading, material recycling of used tires, and rubberized asphalt. The composition of these groups, with partners from industry, trade, and academia, is chosen to incorporate as many relevant aspects and perspectives on a topic as possible.