Curated News
By: NewsRamp Editorial Staff
September 23, 2026
Pyrum Reports Revenue Growth, Adjusts 2026 Forecast Amid Plant Delays
TLDR
- Pyrum's 37.6 percent revenue growth and 24 million euro Swedish grant position it to lead tire thermolysis despite forecast cuts.
- Pyrum's thermolysis recycles tires into oil and carbon black, but a milling bottleneck caps throughput at 1250 kg per hour versus 1650 target.
- Pyrum's near-emission-free recycling of end-of-life tires into new products advances a circular economy and supports climate goals.
- Pyrum uses night shifts to boost production after a grinding bottleneck slowed its tire recycling ramp-up and forced a 2026 forecast cut.
Impact - Why it Matters
Pyrum's interim results underscore both the promise and challenges of scaling innovative recycling technologies. The revenue increase signals growing demand for sustainable solutions, but the operational hiccups highlight the complexities of industrial ramp-ups. The EUR 24 million grant for the Swedish project demonstrates confidence from funding bodies in Pyrum's technology and its potential to significantly reduce tire waste. As regulations tighten around waste management and carbon emissions, Pyrum's progress—or delays—could influence the broader adoption of thermolysis as a key circular economy solution. Investors and environmental stakeholders should monitor how the company navigates these technical hurdles, as its success could pave the way for similar ventures and impact the availability of recycled materials in the tire and plastics industries.
Summary
Pyrum Innovations AG, a pioneer in used tyre recycling, has released its interim results for the first half of 2026, revealing a 37.6% increase in revenue to EUR 1,743 thousand compared to the same period last year. However, the company fell short of expectations due to delays in ramping up its new grinding and pelletizing plant in Dillingen. This shortfall prompted Pyrum to adjust its full-year 2026 forecast, now anticipating revenue between EUR 4.2 million and EUR 5.3 million, down from the previously projected EUR 6.5 to EUR 9.5 million. The plant's throughput is currently at 1,250 kg/h, below the manufacturer's guaranteed 1,650 kg/h, and the bottleneck has been identified in the conveyance of ground material. CEO Pascal Klein remains focused on resolving the issue with the supplier and has implemented temporary measures, including night shifts, to mitigate the production shortfall.
In more positive news, Pyrum's Swedish project partner, GreenTech Recycling Tires AB, has secured a EUR 24 million grant commitment, which is expected to accelerate the joint thermolysis plant project. The planned facility will have a recycling capacity of 22,700 tons of end-of-life tires per year, with permit applications already under review. Additionally, Pyrum received delivery approval from Continental for its ThermoTireBlack® produced at the new plant, and the company signed its first plant purchase agreement with a Czech partner. These developments highlight Pyrum's ongoing efforts to commercialize its innovative thermolysis technology, which enables the nearly emission-free recycling of tires and plastics into high-quality products like pyrolysis oil and recovered carbon black.
Pyrum will host a webcast today for investors, analysts, and media to discuss these results and future outlook. The company's consolidated interim report is available on its website, and those interested can register for the webcast via the provided link. Despite the temporary setbacks, Pyrum remains committed to its sustainable business model and the circular economy, with certifications such as REACH and ISCC PLUS underscoring the quality and sustainability of its products and processes.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Pyrum Reports Revenue Growth, Adjusts 2026 Forecast Amid Plant Delays
