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Pryme B.V. ( (DE:8XG0) ) has issued an update.
Pryme B.V. has faced significant operational challenges at its pilot plant, Pryme One, due to mechanical issues and a reactor seal leak, delaying production resumption until late October 2025. The company has reduced its expected annual production capacity from 30,000 to 17,000 tons of pyrolysis oil, with further potential reductions due to unresolved scaling problems. Despite these setbacks, Pryme is working on solutions and expects to stabilize production by Q1 2026. The company has completed renegotiations on its main sales contract and is seeking additional funding to cover operational costs until Q1 2026, as it anticipates improved cash flow from increased production levels in subsequent quarters.
More about Pryme B.V.
Pryme B.V. operates in the pyrolysis oil industry, focusing on converting waste plastics into valuable pyrolysis oil. The company is engaged in developing and operating plants that produce pyrolysis oil, with a market focus on sustainable energy and recycling solutions.
YTD Price Performance: -37.55%
Average Trading Volume: 2,580
Current Market Cap: NOK144.1M
Learn more about 8XG0 stock on TipRanks’ Stock Analysis page.