Press release
of Pyrum Innovations AG
Pyrum Innovations AG: Milestone for Europe's circular economy - EUR 29.4 million
in EU funding for major project in Greece
o Subsidy from the European Innovation Fund for partner Thermo Lysi SA completes
financing of thermolysis plant
o Planned recycling capacity doubled
o Investment volume of around EUR 100 million
o Detailed engineering in full swing
Dillingen / Saar, 10 November 2025 - A historic success for Pyrum Innovations AG
("Pyrum", the "company", ISIN: DE000A2G8ZX8): Pyrum's partner Thermo Lysi SA has
received the renowned funding approval from the European Innovation Fund (EIF).
This means that the financing of the joint recycling plant in Greece is now
fully secured - a project that sets new standards for sustainability and
innovation. The EIF is subsidising the construction of the recycling plant with
EUR 29.4 million in funding. With a planned capacity of around 45,000 tonnes of
end-of-life tyres per year, the plant will be twice as large as originally
planned and one of the largest and most modern pyrolysis plants in Europe. The
plant is based on Pyrum's innovative thermolysis technology, with up to six
state-of-the-art Pyrum reactors forming the heart of the facility. The total
investment amounts to around EUR 100 million, and Pyrum intends to acquire a
stake of at least 10% in the project company's equity.
Pascal Klein, CEO of Pyrum Innovations AG: "We would like to congratulate our
partners, Thermo Lysi SA and Impactus Private Equity Group, on the subsidy
approval. This funding is a major boost for our technology and sends a clear
signal: Pyrum represents the future of Europe's circular economy. With the
support of the EIF, we are realising one of the largest recycling projects in
Europe - a strong sign of innovation, sustainability and economic strength."
The recycling plant will be built on a site approximately 140 km north of Athens
in the Livanates region. With the building and environmental permits already in
place, all the necessary approvals for the construction and licences for the
operation of the new plant in Greece have been obtained, meaning that the
project is now fully ready to go. Furthermore, Pyrum and Thermo Lysi signed an
engineering contract worth around EUR 2.2 million in mid-May. Detailed
engineering is in full swing and should ideally be adapted to Greek law by the
end of the first quarter of 2026. In addition, an EPC contractor will take over
the construction and ordering of the plant components.
About Pyrum Innovations AG
Pyrum Innovations AG has revolutionised the recycling market for end-of-life
tyres. Since 2008, the company has been developing an innovative thermolysis
technology that enables end-of-life tyres and plastics to be recycled with
virtually no emissions. The process can recover high-quality products such as
thermolysis oil and rCB (recovered Carbon Black), which are used by renowned
partners such as BASF, Continental and Schwalbe to manufacture new products. In
this way, the company closes the material cycle and pursues a sustainable
business model in line with climate targets. Since 2020, the first plant at the
company's headquarters in Dillingen/Saar has been in continuous operation, and
two further plants have been added as part of the site expansion in 2024.
Prestigious certifications such as REACH and ISCC Plus prove the quality and
sustainability of the products.
https://www.pyrum.net/en/
Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
Email: pyrum@ir-on.com
Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
Email: presse@pyrum.net