MUNICH—Pyrolyx A.G. has raised funds to finance its under-construction recovered carbon black (rCB) plant in the U.S., and to improve its existing facilities in Stegelitz, Germany.
The company has signed a five-year 'mezzanine' financing agreement for $6.2 million with the USAmerican Arena Growth Holdings L.L.C., the recovered carbon black (rCB) manufacturer said in a news release.
The capital, the firm said, will be used to finance "global expansion, the development of production in the U.S., and the optimization of Pyrolyx's existing production capacity."
Munich-based Pyrolyx is building an rCB production plant in Terre Haute, Ind., to produce 12.9 metric tons of materials each year.