Pyrum Innovations AG Secures EUR 2.2 Million Contract with Thermo Lysi SA

Pyrum Innovations AG has signed an engineering contract worth EUR 2.2 million with Thermo Lysi SA. This marks a significant milestone as it is the first contract following the approval of a building permit for a new plant. The project, located 140 kilometers north of Athens, aims to address Greece's waste tyre disposal challenges through advanced pyrolysis technology.

As part of the agreement, Pyrum will undertake detailed engineering for the plant, a process expected to last six months. Meanwhile, Thermo Lysi SA is pursuing financial backing, including potential EU funding. Construction company Archirodon will later adapt the engineering plans to local regulations.

The collaboration underscores Pyrum's commitment to sustainable recycling and expanding its footprint with a 15% equity stake in the project company. This initiative reflects the company's strategic growth and sustainable innovation goals.