Pyrum Innovations AG ( (DE:PYR) ) has provided an update.
Pyrum Innovations AG and SUAS GROUP are collaborating to build a tyre recycling plant in the Czech Republic, set to begin construction in 2025 and complete by 2027. This joint venture aims to recycle 23,000 tonnes of tyres annually, significantly reducing carbon emissions and advancing the circular economy in Europe.
More about Pyrum Innovations AG
Pyrum Innovations AG has revolutionized the recycling market for end-of-life tyres with its innovative thermolysis technology, enabling tyre and plastic recycling with minimal emissions. The company partners with renowned firms like BASF and Continental, focusing on sustainable business practices aligned with climate targets.
YTD Price Performance: 7.07%
Average Trading Volume: 825
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €106.8M
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