Press releaseof Pyrum Innovations AG
Pyrum Innovations AG: Milestone for Europe’s circular economy – EUR 29.4millionin EU funding for major project in Greece
o Subsidy from the European Innovation Fund for partner Thermo Lysi SAcompletesfinancing of thermolysis planto Planned recycling capacity doubledo Investment volume of around EUR 100 milliono Detailed engineering in full swing
Dillingen / Saar, 10 November 2025 – A historic success for Pyrum InnovationsAG(“Pyrum”, the “company”, ISIN: DE000A2G8ZX8): Pyrum’s partner Thermo Lysi SAhasreceived the renowned funding approval from the European Innovation Fund(EIF).This means that the financing of the joint recycling plant in Greece is nowfully secured – a project that sets new standards for sustainability andinnovation. The EIF is subsidising the construction of the recycling plantwithEUR 29.4 million in funding. With a planned capacity of around 45,000 tonnesofend-of-life tyres per year, the plant will be twice as large as originallyplanned and one of the largest and most modern pyrolysis plants in Europe. Theplant is based on Pyrum’s innovative thermolysis technology, with up to sixstate-of-the-art Pyrum reactors forming the heart of the facility. The totalinvestment amounts to around EUR 100 million, and Pyrum intends to acquire astake of at least 10% in the project company’s equity.
Pascal Klein, CEO of Pyrum Innovations AG: “We would like to congratulate ourpartners, Thermo Lysi SA and Impactus Private Equity Group, on the subsidyapproval. This funding is a major boost for our technology and sends a clearsignal: Pyrum represents the future of Europe’s circular economy. With thesupport of the EIF, we are realising one of the largest recycling projects inEurope – a strong sign of innovation, sustainability and economic strength.”
The recycling plant will be built on a site approximately 140 km north ofAthensin the Livanates region. With the building and environmental permits alreadyinplace, all the necessary approvals for the construction and licences for theoperation of the new plant in Greece have been obtained, meaning that theproject is now fully ready to go. Furthermore, Pyrum and Thermo Lysi signed anengineering contract worth around EUR 2.2 million in mid-May. Detailedengineering is in full swing and should ideally be adapted to Greek law by theend of the first quarter of 2026. In addition, an EPC contractor will takeoverthe construction and ordering of the plant components.
About Pyrum Innovations AG
Pyrum Innovations AG has revolutionised the recycling market for end-of-lifetyres. Since 2008, the company has been developing an innovative thermolysistechnology that enables end-of-life tyres and plastics to be recycled withvirtually no emissions. The process can recover high-quality products such asthermolysis oil and rCB (recovered Carbon Black), which are used by renownedpartners such as BASF, Continental and Schwalbe to manufacture new products.Inthis way, the company closes the material cycle and pursues a sustainablebusiness model in line with climate targets. Since 2020, the first plant atthecompany’s headquarters in Dillingen/Saar has been in continuous operation, andtwo further plants have been added as part of the site expansion in 2024.Prestigious certifications such as REACH and ISCC Plus prove the quality andsustainability of the products.https://www.pyrum.net/en/
ContactIR.on AG Frederic Hilke Phone: +49 221 9140 970 Email: pyrum@ir-on.com
Pyrum Innovations AGDieselstraße 866763 Dillingen / Saar Email: presse@pyrum.net
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