Pyrum Innovations AG ( (DE:PYR) ) has provided an announcement.
Pyrum Innovations AG has entered into a long-term framework agreement with Schwalbe for the purchase of recovered Carbon Black (rCB) at a fixed price over ten years. This agreement marks the second of its kind for Pyrum, following a similar deal with Continental, and underscores the company’s role in transforming the tyre industry towards sustainability. The collaboration with Schwalbe has already resulted in the recycling of over one million bicycle tyres, and Schwalbe aims to incorporate Pyrum’s rCB into its entire product range, further closing the production cycle loop.
More about Pyrum Innovations AG
Pyrum Innovations AG is a pioneer in the recycling market for end-of-life tyres, having developed an innovative thermolysis technology since 2008. This technology allows for the recycling of tyres and plastics with minimal emissions, producing high-quality products like thermolysis oil and recovered Carbon Black (rCB). These products are used by major partners such as BASF, Continental, and Schwalbe, supporting a sustainable business model aligned with climate goals. The company operates a continuous plant in Dillingen/Saar and expanded with two more plants in 2024, holding respected certifications like REACH and ISCC Plus.
Average Trading Volume: 932
Technical Sentiment Signal: Buy
Current Market Cap: €100.2M
See more data about PYR stock on TipRanks’ Stock Analysis page.