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The latest update is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG has signed a significant engineering contract worth EUR 2.2 million with Thermo Lysi SA, marking a milestone as the first contract post-construction permit for a new plant in Greece. This development is expected to enhance Pyrum’s operations by advancing the project aimed at alleviating Greece’s waste tyre disposal issues, with construction preparations anticipated to begin in 2025.
More about Pyrum Innovations AG
Pyrum Innovations AG has revolutionized the recycling market for end-of-life tyres since 2008 with its innovative thermolysis technology. This process allows for the recycling of tyres and plastics with minimal emissions, producing high-quality products like thermolysis oil and recovered Carbon Black, which are used by partners such as BASF, Continental, and Schwalbe. The company operates a sustainable business model aligned with climate targets and has expanded its operations with multiple plants since 2020.
YTD Price Performance: 11.46%
Average Trading Volume: 559
Current Market Cap: NOK1.3B
See more data about PYR stock on TipRanks’ Stock Analysis page.