Pyrum and Thermo Lysi secure €29.4 million EU funding for major tire recycling plant in Greece
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.