BASF Increases its Support to Pyrum

BASF and Pyrum have signed a new cooperation agreement with financing agreed for the development of at least three new plants by 2026 Pyrum Innovations AG and BASF Antwerpen NV have signed a new cooperation agreement. This provides for a conditional loan of initially EUR 25 million, available in tranches, which is intended to serve as start-up financing for the implementation of Pyrum Innovations AG’s specific project pipeline by 2026. The subject of the agreement is the planning, project planning and construction of at least three new plants with an annual capacity of 20,000 tons of used tires each using …

Source: Tyre & Rubber Recycling