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Pyrum Innovations AG ( (DE:PYR) ) has shared an announcement.
VTTI, a global leader in energy storage and infrastructure, has partnered with Pyrum Innovations AG to develop a waste tyre recycling thermolysis plant at VTTI’s Antwerp Terminal. This project, with a capacity of up to 90,000 tonnes of tyres annually, is a significant step in VTTI’s strategy to integrate sustainable waste management solutions and diversify its energy portfolio. The partnership highlights VTTI’s commitment to sustainable energy and contributes to the circular economy, aligning with the European Union’s Green Deal objectives.
More about Pyrum Innovations AG
Pyrum Innovations AG is a company specializing in the recycling of end-of-life tyres using innovative thermolysis technology. Since 2008, it has developed a process that enables the recycling of tyres and plastics with minimal emissions, recovering high-quality products like thermolysis oil and recovered Carbon Black. The company aims to close the material cycle and pursue a sustainable business model aligned with climate targets.
YTD Price Performance: -1.06%
Average Trading Volume: 775
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €97.25M
See more data about PYR stock on TipRanks’ Stock Analysis page.