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An announcement from Pyrum Innovations AG ( (DE:PYR) ) is now available.
Pyrum Innovations AG has successfully completed the mechanical assembly of the world’s largest grinding plant for recovered Carbon Black (rCB) at its Dillingen site. This strategic expansion, expected to commence operations in April 2025, aims to significantly boost rCB sales and reinforces the company’s commitment to a circular economy. The new plant, integrated with prior expansions, will enable enhanced processing of Carbon Black, positioning Pyrum as a leader in sustainable recycling solutions.
More about Pyrum Innovations AG
Pyrum Innovations AG is a trailblazer in the recycling industry, specifically focusing on end-of-life tyres and plastics. Since 2008, the company has developed a cutting-edge thermolysis technology that allows for the recycling of these materials with minimal emissions. Pyrum’s process recovers valuable products such as thermolysis oil and recovered Carbon Black (rCB), which are utilized by major partners like BASF, Continental, and Schwalbe. This approach not only closes the material cycle but also aligns with sustainable business practices and climate goals. The company operates several plants, with its first plant in Dillingen/Saar running continuously since 2020, and has received numerous accolades for its innovative contributions to the industry.
YTD Price Performance: 1.41%
Average Trading Volume: 844
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €103.7M
For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.
