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The latest announcement is out from Pryme B.V. ( (DE:8XG0) ).
Pryme B.V. is facing significant operational challenges with its Pryme One facility, primarily due to reactor reliability issues that have severely limited production capacity and led to funding shortfalls. The company is considering replacing the reactor to improve production rates and cash flow, with a decision expected by Q1 2026. This strategic move would require substantial funding, with plans for two funding rounds to support operations and the reactor upgrade. The outcome of these efforts will influence Pryme’s future plant designs and its ability to achieve cash flow positivity.
More about Pryme B.V.
Pryme B.V. operates in the recycling industry, focusing on the production of pyrolysis oil through its facilities, Pryme One and Pryme Two. The company aims to enhance plant reliability and production efficiency while contributing to the circular economy.
Average Trading Volume: 2,557
Current Market Cap: NOK123.5M
See more insights into 8XG0 stock on TipRanks’ Stock Analysis page.