A great milestone achieved in receiving the full approval for Pyrum’s recycling plant in Livanates. Thermo Lysi SA is a ground-breaking project, which will be processing 20,000 tons of ELTs annually, converting them into valuable secondary raw materials.
Impactus is proud to be part of this innovative ESG-focused project, setting the standard for global sustainability.
Last week, the Greek project company Thermo Lysi SA received approval for the construction of a Pyrum plant for the recycling of waste using the pyrolysis process. This means that all the necessary permits and licences for the construction of the new plant in Greece have been successfully completed and the project is now considered “fully approved”. From a regulatory perspective, nothing now prevents a final investment decision from being taken. This decision is expected in the first half of 2025. In the next step, the long leads, i.e. the plant components with the longest delivery times, are expected to be ordered in the second quarter of 2025, to ensure a smooth construction phase later on. Thermo Lysi expects to break ground in summer 2025.
Pascal Klein, CEO of Pyrum Innovations AG: “We are delighted to start the new year with this positive news. Now that all the necessary permits have been granted, we can start the next planning phase. With this construction, our technology crosses the national border for the first time, so we can now look forward to the next joint steps. In future, a further 20,000 tonnes of end-of-life tyres per year will be returned to the recycling cycle in the most environmentally friendly way.”
Pyrum Innovations AG and Thermo Lysi SA have previously agreed on the construction of a joint plant in Greece with a recycling capacity of 20,000 tonnes of end-of-life tyres per year. The recycling plant will be built on a site about 140 km north of Athens in the Livanates region and will recycle almost half of the annual volume of end-of-life tyres in Greece. Pyrum has planned to acquire a 15% equity stake in the project company.
Original Article in Greek: EuroNext Live Markets
