Tyre recycler Pyrum Innovations from Saarland and Hamburg-based Unitank Holding GmbH & Co, an operator of independent tank farms, signed a shareholder agreement to establish a joint venture. This partnership will lay the foundation for the construction of five to ten recycling plants for end-of-life tyres in Europe in the coming years. Pyrum holds a 49% stake in the new joint venture, while Unitank Group holds a 51% stake.
The UniPyrum joint venture will be based in Hamburg and have its own experienced management team to drive forward the rapid and targeted expansion of several production sites in Germany and Europe. Each site will initially consist of at least three state-of-the-art thermolysis reactors, achieving an annual recycling capacity of at least 22,000 tonnes of end-of-life tyres.
Thanks to the modular design of Pyrum’s technology, capacities can be expanded on a site-specific basis in line with demand.
As part of the agreement, the target regions for the first three plants were also defined and extensive preparatory work was carried out on pre-engineering and the creation of a business plan.
Unitank’s site in Emleben, Thuringia, was identified as a possible first location. It was agreed to begin the necessary approval procedures at short notice. At the same time, Unitank is negotiating with future suppliers for tyre input and with potential buyers for the end products.