Press release
of Pyrum Innovations AG
Pyrum Innovations AG and SUAS Ecology s.r.o. conclude shareholder agreement for
joint plant in Czechia
o 49% equity stake secured by Pyrum
o Long-term oil offtake agreement for new plant for ten years concluded
o Commissioning expected in 2027
Dillingen/Saar, November 20, 2025 - Pyrum Innovations AG ("Pyrum", ISIN:
DE000A2G8ZX8) and SUAS Ecology s.r.o. have signed a shareholder agreement for
the joint venture "SUAS reTIRE s.r.o." in Czechia. As part of the agreement,
Pyrum acquired a 49% stake in the equity of the new joint venture, which plans
to develop, build and operate a state-of-the-art recycling plant in Czechia.
By successfully securing its equity share of around EUR 8.6 million, Pyrum has
completed another key step towards full project financing. Another significant
milestone is the conclusion of a long-term ten-year oil offtake agreement for
the pyrolysis oil produced at the future plant. This agreement underlines the
confidence in Pyrum's technology and the future viability of the project.
The next steps now include finalising the loan agreements with the financing
bank in Czechia and concluding the plant purchase agreement. Latest in spring
2026, orders for plant components with long delivery times (long-lead items) are
to be initiated, accompanied by preparations for the ground-breaking. The start
of construction will mark the transition to the implementation phase and make an
important contribution to the expansion of a sustainable circular economy in
Europe.
Martin Cermák, Vice Chairman of the Executive Board of SUAS GROUP and Chairman
of the executive board of Sokolovská uhelná: "With signing the contract, we look
forward to a long-term and close cooperation with Pyrum. This partnership
combines our technological expertise, our industrial resources and our strategic
goals in a project of particular importance. We are proud to be able to actively
shape the growing circular economy in Europe together with Pyrum. Now begins a
new phase in which we will make this plant become reality and exploit the full
potential of our cooperation."
Pascal Klein, CEO of Pyrum Innovations AG: "We are very excited about the next
steps we will take together with SUAS reTIRE. With the secured equity base and
the concluded oil offtake agreement, we have reached two key milestones that
further strengthen confidence in our joint project. For us, this new plant is
much more than just another plant - it stands for progress, cooperation and
proof that the circular economy can work successfully on an industrial scale.
Together with SUAS, we want to prove that sustainable technologies and economic
success can go hand in hand."
The new plant, with a recycling capacity of over 22,000 tonnes of end-of-life
tyres per year, will be built in Vresová, near the German-Czech border, and is
expected to start commissioning in 2027. SUAS already operates a power plant at
the site, which will be able to convert the gas produced during pyrolysis into
electricity without additional investment - an important step towards efficient
and resource-saving energy recovery.
About SUAS GROUP a.s. & Sokolovská uhelná, a Legal Successor, a.s.
SUAS GROUP is a progressive group of companies active primarily in energy,
transportation, circular economy, real estate development, and engineering. The
group's wide-ranging activities stem from its commitment to the region's future,
environmental quality, and sustainable development. The initiatives prepared and
implemented by the group align with the gradual transition to emission-free
energy and the transformation of Sokolov and the broader region.
Sokolovská uhelná is one of the largest independent electricity producers in the
Czech Republic. It also generates thermal energy, supplying 51,000 households in
the Karlovy Vary and Sokolov regions. One of its main products is energy coal.
About Pyrum Innovations AG
Pyrum Innovations AG has revolutionised the recycling market for end-of-life
tyres. Since 2008, the company has been developing an innovative thermolysis
technology that enables end-of-life tyres and plastics to be recycled with
virtually no emissions. The process can recover high-quality
products such as thermolysis oil and rCB (recovered Carbon Black), which are
used by renowned
partners such as BASF, Continental and Schwalbe to manufacture new products. In
this way, the
company closes the material cycle and pursues a sustainable business model in
line with climate
targets. Since 2020, the first plant at the company's headquarters in
Dillingen/Saar has been in
continuous operation, and two further plants have been added as part of the site
expansion in
2024. Prestigious certifications such as REACH and ISCC Plus prove the quality
and sustainability of the products.
https://www.pyrum.net/en/
Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
Email: pyrum@ir-on.com
Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
Email: presse@pyrum.net