European recycling technology company Pyrum Innovations, together with an unnamed Czech energy company, has announced its plans to construct a pyrolysis plant in the Czech Republic.
The company has signed an engineering and consulting contract to secure permission for the construction of the building and subsequently submit the building’s application.
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Pyrum will oversee the basic engineering and develop sections of the approval documentation for the new plant.
The new facility will have the capacity to process 20,000 tons of end-of-life tyres annually and is being built near the Czech-German border.
It is expected to become operational in 2025.
Pyrum CEO Pascal Klein said: “We are looking forward to this groundbreaking project. Using existing infrastructure to operate the new tyre recycling facility is an approach that fits perfectly with Pyrum’s commitment to sustainability.
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By GlobalData“The plans also underline the progressive internationalisation of our company. Together with our partner, we will contribute to the circular economy and offer a sustainable solution for used tyre recycling in the Czech Republic.”
A joint venture special purpose vehicle will be formed to develop and operate this new factory, with Pyrum expected to hold a 30% share.
The site includes ample space for future expansion plans.
The plant’s scale is planned so that its recycling capacity will potentially double by 2027.
