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The latest announcement is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG reported a 76% increase in sales for 2024, reaching EUR 2,017 thousand, despite a decline in total output due to strategic investments in plant expansions and workforce development. The company successfully completed full-load tests and commissioning of new production lines, producing over 1,200 tons of oil for BASF and gaining approval from Continental for rCB supply, reinforcing its position as an innovation leader in sustainable recycling.
More about Pyrum Innovations AG
Pyrum Innovations AG is a pioneer in the recycling industry, focusing on the innovative 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 (rCB), used by partners such as BASF and Continental, aligning with sustainable business practices and climate goals.
YTD Price Performance: -2.12%
Average Trading Volume: 897
Technical Sentiment Signal: Buy
Current Market Cap: €96.19M
For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.