Press Release
of Pyrum Innovations AG
Pyrum Innovations AG: Building permit for new plant in Greece
o Pyrum partner Thermo Lysi SA receives building permit for the planned Pyrum
plant in Greece
o Groundbreaking expected for summer 2025
o Order of long leads expected in Q2 2025
Dillingen / Saar, 8 January 2025 - Last week, the Greek project company Thermo
Lysi SA received approval for the construction of a Pyrum plant for the
recycling of waste using the pyrolysis process. This means that all the
necessary permits and licences for the construction of the new plant in Greece
have been successfully completed and the project is now considered "fully
approved". From a regulatory perspective, nothing now prevents a final
investment decision from being taken. This decision is expected in the first
half of 2025. In the next step, the long leads, i.e. the plant components with
the longest delivery times, are expected to be ordered in the second quarter of
2025, to ensure a smooth construction phase later on. Thermo Lysi expects to
break ground in summer 2025.
Pascal Klein, CEO of Pyrum Innovations AG: "We are delighted to start the new
year with this positive news. Now that all the necessary permits have been
granted, we can start the next planning phase. With this construction, our
technology crosses the national border for the first time, so we can now look
forward to the next joint steps. In future, a further 20,000 tonnes of
end-of-life tyres per year will be returned to the recycling cycle in the most
environmentally friendly way."
Pyrum Innovations AG and Thermo Lysi SA have previously agreed on the
construction of a joint plant in Greece with a recycling capacity of 20,000
tonnes of end-of-life tyres per year. The recycling plant will be built on a
site about 140 km north of Athens in the Livanates region and will recycle
almost half of the annual volume of end-of-life tyres in Greece. Pyrum has
planned to acquire a 15% equity stake in the project company.
About Pyrum Innovations AG
Pyrum Innovations AG has revolutionised the recycling market for end-of-life
tyres. Since 2008, the company has been developing an innovative thermolysis
technology that enables end-of-life tyres and plastics to be recycled with
virtually no emissions. The process can recover high-quality products such as
thermolysis oil and rCB (recovered carbon black), which are used by renowned
partners such as BASF, Continental and Schwalbe to manufacture new products. In
this way, the company closes the material cycle and pursues a sustainable
business model in line with climate targets. Since 2020, the first plant at the
company's headquarters in Dillingen/Saar has been in continuous operation, and
two further plants have been added as part of the site expansion in 2024. Thanks
to respected certificates such as REACH and ISCC Plus, the products are
considered to be of high quality, sustainable and renewable. Pyrum has already
received multiple awards for its innovative solutions and has been nominated for
the 2025 German Environmental Award this year.
www.pyrum.net
Contact us
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
E-mail: pyrum@ir-on.com
Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
E-mail: presse@pyrum.net