Pryme Update: Oil Production and Outstanding Options
Rotterdam, 1 July, 2025
In the second quarter of 2025, Pryme (the “Company”) produced approximately 150 metric tons of pyrolysis oil. The exact figures will be published in the Company’s half-year report once the production data have been fully reconciled. Out of the total quarterly production volume, approximately 10 metric tons were produced before the production was shut down due to a leak in the reactor on 28 April 2025. Since the start of production on 18 June, approximately 140 metric tons of pyrolysis oil were produced. The up time of the plant has been negatively impacted by ongoing multiple short production stops in order to adjust various reactor seals. The issues with the seals have prevented the Company from filling up the reactor to its full capacity, thus limiting the production rates. The production rate, while producing, since 18 June 2025 amounted to approximately 1 metric ton of pyrolysis oil per hour. The Company plans to issue monthly updates on production volumes.
In the private placement announced on 16 December 2024, the private placement investors were granted 4,040,406 call options to purchase Company shares at a price of EUR 1.485 per share. Also, the Company received put options from the private placement investors enabling the Company to sell up to 4,040,406 Company shares to the private placement investors at a price of EUR 1.485 per share subject to the Company achieving certain operational milestones. The mentioned options had a maturity date of 30 June 2025. As the Company did not meet the operational milestones for the put options, the put options have not been exercised and have now expired. The call options issued in conjunction with the 16 December 2024 private placement have not been exercised by the private placement investors and thus have also expired. Consequently, there are no outstanding options related to the 16 December 2024 private placement.
For investor inquiries: ir@pryme-cleantech.com
About Pryme | www.pryme-cleantech.com
Pryme N.V. is an innovative cleantech company focused on converting plastic waste into pyrolysis oil through chemical recycling on an industrial scale. Its efficient and scalable technology is based on a proven process that has been further developed and enhanced with proprietary characteristics.
The company has initialized production at its first plant in the port of Rotterdam, with an expected nameplate intake capacity of about 26,000 tons of plastic waste annually.
Pryme’s ambition is to contribute to a low-carbon circular plastic economy and to realize the large rollout potential of its technology through the development of a broad portfolio of owned-operated plants with strategic partners.
The company is listed on Euronext Growth Oslo.
Pryme can be followed on LinkedIn.