Corporate | 20 November 2025 08:00
Pyrum Innovations AG and SUAS Ecology s.r.o. conclude shareholder agreement for joint plant in Czechia
|
Pyrum Innovations AG
/ Key word(s): Agreement/Alliance
Pyrum Innovations AG and SUAS Ecology s.r.o. conclude shareholder agreement for joint plant in Czechia
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 Čermák, 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.”
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.
IR.on AG
Pyrum Innovations AG
Dieselstraße 8
20.11.2025 CET/CEST Dissemination of a Corporate News, transmitted by
EQS News
– a service of
EQS Group
.
|
| Language: | English |
| Company: | Pyrum Innovations AG |
| Dieselstraße 8 | |
| 66763 Dillingen/Saar | |
| Germany | |
| Phone: | +49 6831 959 480 |
| E-mail: | contact@pyrum.net |
| Internet: | www.pyrum.net |
| ISIN: | DE000A2G8ZX8 |
| WKN: | A2G8ZX |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Tradegate Exchange |
| EQS News ID: | 2232924 |
| End of News | EQS News Service |
|
|
2232924 20.11.2025 CET/CEST