Pyrolyx raises funding for US project, plant optimisation

Munich, Germany – Pyrolyx AG has raised funds to finance its under-construction recovered carbon black (rCB) plant in the US, and to improve its existing facilities in Stegelitz, Germany.

The company has signed a five-year ‘mezzanine’ financing agreement for €5 million with the USAmerican Arena Growth Holdings LLC, the recovered carbon black (rCB) manufacturer said 22 March.

The capital, said will be used to finance “global expansion, the development of production in the US, and the optimisation of Pyrolyx’s existing production capacity.”

Munich-based Pyrolyx is currently building an rCB production plant in Terre Haute, Indiana to produce 12.9 tonnes/year of the materials in the US.