Tire Recycling Company Builds Second Plant - BASF’s €41 Million Bet Fuels Pyrum’s Tire Recycling Revolution in Europe
BASF, a global chemical giant, has invested €41 million in Pyrum Innovations AG, aiding the company's expansion in tire recycling. The collaboration will contribute to a circular economy, with BASF using pyrolysis oil from Pyrum's recycled materials in its products.
Pyrum's growth in Germany is evident with the construction of its second tire recycling facility in Perl-Besch. The plant, set to operate by 2027, will process over 22,000 tons of scrap tires annually. This expansion is crucial as Pyrum's two existing plants currently cover only a fraction of the 600,000 tons of scrap tires generated annually in Germany.
The Perl-Besch plant will occupy roughly 25,000 square meters and have direct access to the Moselle River, rail, and highways, ensuring efficient transportation of materials. CEO Pascal Klein sees this plant as part of Pyrum's expansion plans for Europe and beyond, with projects in the Czech Republic and Greece already underway.
BASF's investment of €41 million, including an initial €25 million for the current expansion, will support Pyrum's collaboration with other industry giants. Pyrum works with BASF, Continental, and Schwalbe to use recovered materials such as thermolysis oil and recovered carbon black (rCB) in new product manufacturing.
Pyrum's expansion, backed by BASF's €41 million investment, signals a significant step towards a more sustainable future. The Perl-Besch plant will not only process a substantial amount of scrap tires but also contribute to the circular economy by providing recycled materials for new products.
