MUNICH—Recovered carbon black producer Pyrolyx A.G. is moving ahead with plans for a second plant in the U.S., to be built adjacent to one under construction in Terre Haute, Ind.
Pyrolyx—which is in the process of moving its headquarters to Terre Haute from Munich—said it expects the new plant to be "substantially similar" to its first U.S. tire pyrolysis unit, which is nearing completion.
The plant under construction has a rated annual capacity of nearly 13,000 metric tons of recovered carbon black, which translates to about 4 million tires recycled a year.
Construction on the unit is expected to start in the third quarter.
The company has raised $2.3 million from the sale of equity capital in Pyrolyx A.G. and has access to a $4.5 million loan facility from Pyrolyx USA Inc. for funding.
Pyrloyx recently disclosed a non-binding five-year agreement to supply up to 15,000 tons of rCB a year to tire maker Continental A.G. from its plants in Stegelitz, Germany, and Terre Haute.