BASF SE is to invest €16 million into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tires, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant in Dillingen and the further roll out of the technology.
Pyrum is currently running a pyrolysis plant for end-of-life tires that can process up to 10,000 tons of tires per year. Until the end of 2022, two additional production lines will be added to the existing plant. BASF will uptake most of the pyrolysis oil and process it into new chemical products by using a mass balance approach as part of its ChemCyclingTM project. The resulting products will mainly be for customers from the plastics industry who are looking for high-quality and functional plastics based on recycled materials.
Furthermore, Pyrum intends to build additional tire pyrolysis plants together with interested partners. The collaborative set-up will accelerate the path towards the use of Pyrum’s unique technology in serial production. Future investors in the technology can have the certainty that the pyrolysis oil produced will be taken up by BASF to produce high-performance chemical products. The co-operation will thus serve to close the loop for post-consumer plastic waste. Waste tires fall within the definition of post-consumer plastic waste according to DIN EN ISO 14021:2016-07.
BASF and Pyrum anticipate that production capacities of up to 100,000 tons of pyrolysis oil derived from waste tires could be built up within the next years together with additional partners.
Read more at https://www.basf.com/global/en/media/news-releases/2020/09/p-20-311.html#:~:text=BASF%20is%20investing%20%E2%82%AC16,the%20pyrolysis%20of%20waste%20tires.&text=As%20part%20of%20its%20ChemCyclingTM%20project%20BASF%20will%20further,using%20a%20mass%20balance%20approach.