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Pryme B.V. ( (DE:8XG0) ) has shared an announcement.
Pryme has temporarily halted testing at its Rotterdam plant after processing roughly 35 tons of plastic waste since 18 December, following the suspected failure of a gasket in the reactor discharge valve assembly, and now expects to resume its reactor testing programme by the end of January 2026 once the reactor is cooled and repairs or improvements are carried out with support from the original equipment manufacturer and other specialists. The company, which brought forward its December operational update, reported production of about 27 tons of pyrolysis oil for the month, indicating continued progress in ramping up industrial-scale output despite the technical setback, which may cause a short-term interruption but is framed as part of the commissioning and optimisation phase rather than a structural issue with its business model.
More about Pryme B.V.
Pryme N.V. is a cleantech company that converts plastic waste into pyrolysis oil via large-scale chemical recycling. Its proprietary, scalable technology is deployed at its first industrial plant in the port of Rotterdam, which is designed to process about 26,000 tons of plastic waste per year, supporting the shift toward a low‑carbon circular plastics economy. The company is listed on Euronext Growth Oslo and aims to expand through a portfolio of owned-and-operated plants with strategic partners.
YTD Price Performance: -55.48%
Average Trading Volume: 4,279
Current Market Cap: NOK102.7M
Find detailed analytics on 8XG0 stock on TipRanks’ Stock Analysis page.