Pyrum Innovatons AG announced that a consulting agreement was signed between GreenTech Recycling Tires AB and Pyrum Innovations AG for the construction of a joint pyrolysis plant in Sweden. It is planned that Pyrum will participate in the SPV with up to EUR 3 million, provided that GreenTech's financing has been fully secured. The company is currently conducting talks in this regard.

At the same time, GreenTech Recycling Tires AB has already reserved a suitable site in Billingsfors, Sweden, held talks with tire suppliers and, with Pyrum's support, will soon begin compiling the necessary approval documents. The official start of the project in the form of the commencement of work on the basic engineering is scheduled for the beginning of July this year. Both partners are aiming to build a plant with a recycling capacity of 20,000 tonnes of end-of-life res per year.

Production is scheduled to start in 2027.