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An update from Pyrum Innovations AG ( (DE:PYR) ) is now available.
Pyrum Innovations AG has received approval to begin construction on a new recycling plant in Perl-Besch, near the Germany-France-Luxembourg border. The plant, which will double Pyrum’s recycling capacity to 22,400 tonnes of end-of-life tyres annually, is strategically located for optimal logistics and is part of the company’s expansion plans. The project is financially supported by a credit line from BASF and ongoing discussions with other financing partners, ensuring the plant’s development and further expansion projects.
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 pioneering company in the recycling industry, specializing in the innovative thermolysis technology for recycling end-of-life tyres and plastics with minimal emissions. Established in 2008, the company produces high-quality products like thermolysis oil and recovered Carbon Black, which are utilized by notable partners such as BASF, Continental, and Schwalbe. Pyrum’s sustainable business model aligns with climate targets, and the company has been recognized with numerous awards for its innovative solutions.
Average Trading Volume: 700
Current Market Cap: NOK1.2B
For an in-depth examination of PYR stock, go to TipRanks’ Overview page.