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Pyrum Innovations AG ( (DE:PYR) ) has issued an announcement.
Pyrum Innovations AG, in partnership with Thermo Lysi SA, has received full approval for constructing a new recycling plant in Greece, expected to break ground in summer 2025. This plant will recycle 20,000 tonnes of end-of-life tyres annually, marking Pyrum’s first international expansion and significantly contributing to Greece’s tyre recycling efforts.
More about Pyrum Innovations AG
Pyrum Innovations AG is a leader in the recycling industry, specializing in the thermolysis technology for end-of-life tyres and plastics, which allows for recycling with minimal emissions. The company produces high-quality products like thermolysis oil and recovered carbon black, used by notable partners such as BASF and Continental. Pyrum is committed to a sustainable business model and has been recognized with multiple awards, including a nomination for the 2025 German Environmental Award.
YTD Price Performance: 1.41%
Average Trading Volume: 1,322
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €101.7M
Find detailed analytics on PYR stock on TipRanks’ Stock Analysis page.
