TAGS: Sustainability / Natural Solutions
Pyrum Innovations AG is planning to build a Pyrum pyrolysis plant in the Czech Republic together with a Czech energy company.
A corresponding consulting contract was signed with a subsidiary of the group of companies in order to prepare the approval for the construction of the tire recycling plant and to submit the building application.
Converting Pyrolysis Gas into Electricity in Future
The new plant with a capacity of 20,000 tons of used tires per year is being built in the Czech border region with Germany and is scheduled to start operations in 2025.
The Czech partner, who is active in the field of energy and circular economy, already operates a power plant on the property and therefore has a gas turbine, which will also convert the pyrolysis gas into electricity in the future. This means you can benefit from synergies and the existing structures when planning and implementing the new plant.
Pascal Klein, CEO of Pyrum Innovations AG, “
We are looking forward to this groundbreaking project. Using existing infrastructure to operate the new tire recycling facility is an approach that fits perfectly with Pyrum's commitment to sustainability. The plans also underline the progressive internationalization of our company. Together with our partner, we will contribute to the circular economy and offer a sustainable solution for used tire recycling in the Czech Republic.”
For the construction and operation of the new facility, a joint venture (special purpose vehicle, SPV) is to be founded, in which Pyrum is expected to hold a 30% stake. As part of the consulting contract, Pyrum will carry out the basic engineering and prepare parts of the approval documents for the new plant. The property also offers sufficient space for future capacity expansion. The size of the plant is therefore already being designed so that recycling capacities can be doubled by 2027.
Source: Pyrum Innovations AG