DILLINGEN/SAAR, Germany—Pyrum Innovations A.G., a European firm that uses a patented pyrolysis method to convert end-of-life tires, is leading a joint venture in establishing a 20,000-ton-per-year facility in Bavaria.
The JV, comprised of several partners, will be known as Revalit GmbH and located in the port of Straubing near the Danube River. The location, Pyrum said, has "excellent" road network connections and also offers either rail or ship transportation options.
Other shareholders in the JV include Munich-based companies MCapital GmbH, Textor GmbH and Auer Holding GmbH, each with 25 percent.
"We are proud to have found an innovative partner in pyrolysis technology in Pyrum Innovations A.G., with whom we are jointly building our first plant in Bavaria," said Jens Weinberger, managing director of MCapital.
The facility is contingent upon a reservation agreement that must be signed with the landowner where the facility will be built. This is set to take place "immediately after the entry of the company in the commercial register," Pyrum said.
"We are very pleased about the realization of our first joint venture and the future cooperation with our new partners," Pyrum CEO Pascal Klein said in a statement. "With our planned pyrolysis plant in Bavaria, we will reach an important milestone on the way to the commercial rollout of our pyrolysis technology."
Pyrum's pyrolysis technology "closes the recyclable material loop" by saving CO2 emissions generated during the tire disposal process to produce pyrolysis oil, gas and recovered carbon black.
Pyrum has received a "REACH" registration from the European Chemicals Agency for its pyrolysis oil, meaning the oil is approved for reuse in production processes.
Its recovered carbon black has received ISCC Plus certification, meaning it is considered a "sustainable and renewable raw material."