Presse release
of Pyrum Innovations AG
Pyrum reaches next milestone: Plant purchase agreement signed for joint venture
facility in the Czech Republic
o First plant purchase agreement for an external Pyrum plant
o Joint venture secures bank financing and is now considered fully financed
o Pyrum provides key technology for the plant in Vresova
o Initial payment to Pyrum scheduled for the coming weeks
Dillingen/Saar, August 14, 2026 - Pyrum Innovations AG ("Pyrum", ISIN
DE000A2G8ZX8) and the joint venture SUAS reTire s.r.o. have signed a plant
purchase agreement for the delivery of the Pyrum thermolysis plant for the
planned recycling plant in Sokolov, Czech Republic. The signing marks the first
time that Pyrum has concluded a plant purchase agreement for an external plant
outside its own sites, representing another important step in the international
rollout of Pyrum's technology.
The joint venture has also successfully concluded the loan agreements with the
financing bank in the Czech Republic. The project is therefore fully financed,
securing the funding required for the construction of the plant. In this
context, SUAS reTire has placed a binding order for the Pyrum thermolysis plant,
comprising three thermolysis reactors and process engineering. As the supplier
of the key technology for the thermolysis process, Pyrum will also ensure the
integration of the other plants at the site into the central control system.
Pascal Klein, CEO of Pyrum Innovations AG: "By signing our first external plant
purchase agreement, we have reached a significant milestone in Pyrum's
development. This achievement is the result of a long and intensive journey
during which, together with our partners, we established key technical,
financial and organisational foundations. We are therefore all the more pleased
to have now signed our first plant purchase agreement for an external facility,
which we will build together with our partner SUAS. The secured financing
underlines our partners' confidence in our technology and provides an excellent
foundation for the successful implementation of the project in the Czech
Republic."
SUAS reTire s.r.o. is a joint venture between Pyrum Innovations AG and the Czech
company SUAS Ecology s.r.o. It was established last year, with Pyrum holding 49%
and the SUAS Ecology s.r.o. holding 51% of the shares in the company. The joint
venture is responsible for the development, construction and subsequent
operation of a state-of-the-art tyre recycling plant in Sokolov, Czech Republic.
Initial construction work at the Sokolov site has already begun. With the
commissioning of Pyrum and the initial payments by SUAS reTire, essential plant
components can be ordered to ensure the swift implementation of the project.
With its three reactors, the facility is expected to have an annual recycling
capacity of more than 22,000 tonnes of end-of-life tyres. A key advantage of the
location is its well-established industrial and energy infrastructure, including
the power plant already operated by SUAS Group at the site. This allows the gas
generated during the pyrolysis process to be efficiently utilized for energy
generation and converted into electricity without the need for significant
additional infrastructure investment. Commissioning of the plant is scheduled
for spring 2028.
About Pyrum Innovations AG
Pyrum Innovations AG has been revolutionizing the used tyre recycling market
since 2008. The company has developed an innovative, proprietary thermolysis
technology that enables the nearly emission-free recycling of end-of-life tyres
and certain plastics. The process yields high-quality products such as pyrolysis
oil (TTO) and recovered carbon black (TTB), which are used by renowned industry
partners-including those in the chemical and tyre industries-to manufacture new
products.
In this way, Pyrum closes the material cycle and pursues a sustainable business
model in line with climate goals. Renowned certifications, such as REACH
registration for the pyrolysis oil and ISCC PLUS certification for both
products, confirm the high quality and sustainability of the products and
processes.
Further information at www.pyrum.net.
Contact
iron AG
Frederic Hilke, Jonas Schneider
Phone: +49 221 9140 970
Email: pyrum@ir-on.com
Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
Email: presse@pyrum.net
Email: pyrum@ir-on.com \
\
Pyrum Innovations AG\
Dieselstraße 8\
66763 Dillingen / Saar \
Email: presse@pyrum.net\