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The latest update is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG and UNITANK Holding have formed a Hamburg-based joint venture, UniPyrum, to develop and operate between five and ten large-scale end-of-life tyre recycling plants across Europe, each with an initial annual capacity of at least 22,000 tonnes. With UNITANK holding 51% and Pyrum 49%, the partnership combines Pyrum’s thermolysis recycling technology with UNITANK’s experience in operating critical energy infrastructure, aiming to rapidly build a network of circular tyre-processing sites starting with a first project at UNITANK’s Emleben location in Thuringia, thereby significantly increasing European tyre recycling capacity and reinforcing both companies’ positions in sustainable industrial infrastructure.
The most recent analyst rating on (DE:PYR) stock is a Buy with a NOK58.00 price target. To see the full list of analyst forecasts on Pyrum Innovations AG stock, see the DE:PYR Stock Forecast page.
More about Pyrum Innovations AG
Pyrum Innovations AG is a German cleantech company specialising in the recycling of end-of-life tyres and plastics using proprietary thermolysis technology that enables low-emission material recovery. Its process produces high-quality outputs such as thermolysis oil and recovered carbon black, which are supplied to industrial partners including BASF, Continental and Schwalbe, supporting circular-economy applications and climate-oriented business models. The company operates a flagship plant at its Dillingen/Saar headquarters and has expanded the site with two additional plants, backed by certifications such as REACH and ISCC Plus.
Average Trading Volume: 1,255
Current Market Cap: NOK1.36B
For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.