Pyrum Innovations Pitches Tire Pyrolysis at Scale Summit

Pyrum's stock trades on the Frankfurt Stock Exchange under the ticker PYRIF on the OTC market in the U.S. The stock has been volatile, reflecting the early-stage nature of the business. The company's market capitalization is roughly €60 million.

The pyrolysis of tires is a niche but growing segment of the recycling industry. Traditional disposal methods include landfilling or incineration. Pyrolysis offers a way to recover valuable materials while reducing waste. The European Union's push for circular economy targets has created tailwinds for companies like Pyrum.

Competitors include Scandinavian Enviro Systems and Klean Industries. Pyrum differentiates itself through its continuous process technology and its partnerships with tire makers. The company claims its recovered carbon black can replace virgin carbon black in new tires, a key selling point.

Klein did not provide new financial guidance during the presentation. He reiterated the company's target of reaching EBITDA breakeven by 2028. The company expects the second production line to come online in the first half of 2027.

For investors tracking small-cap recycling plays, the Scale Summit is a key event. The summit runs through June 24 and includes presentations from about 30 other Scale-listed companies. Pyrum's next scheduled catalyst is the half-year report in August.

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