German pyrolysis operator Pyrum and Norway’s Polyfuels to jointly build four pyrolysis plants
Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tires (ELT) based on its patented pyrolysis technology, and Polyfuels Group AB intend to jointly build and operate four pyrolysis plants as part of a joint venture. Both companies have agreed on this in a letter of intent (LOI). The plants will be based on Pyrum technology and will be realised by Circular Tires AS, a wholly owned subsidiary of Polyfuels. Polyfuels Group AB is engaged in the collection and recycling of plastics, mixed plastics – both from industry and consumers - and chemical recycling projects with industrial partners.