Pyrum progresses Czech tire pyrolysis project

Dillingen, Germany – Pyrum Innovations AG has advanced a previously announced project to build an end-of-life tire (ELT) pyrolysis plant in Vresova, Czechia, near the German border.

The company and its Czech partner Suas Ecology sro have signed a shareholder agreement for the joint venture “Suas reTIRE sro” in Czechia, said the German waste tire recycler on 20 Nov.

Pyrum acquired a 49% stake in the JV company valued at €8.6 million, according to the statement.

Initially announced in October 2023, the project will have the capacity to convert 22 kilotonnes per annum (ktpa) of ELTs into secondary raw materials and is set for commissioning in 2027.

Suas already operates a power plant at the site, which will be able to convert the gas produced during pyrolysis into electricity without additional investment.

Another significant milestone, Pyrum said, is the conclusion of “a long-term ten-year oil offtake agreement for the pyrolysis oil produced at the future plant,” without naming the buyer.

The next steps, according to Pyrum, now include finalising the loan agreements with the financing bank in Czechia and concluding the plant purchase agreement.

The company expects to break ground on the facility and place orders for long-lead items by next spring.

“With the secured equity base and the concluded oil offtake agreement, we have reached two key milestones that further strengthen confidence in our joint project,” said Pyrum CEO Pascal Klein.