BASF: Investment in Pyrum as part of the ChemCycling project
BASF SE will invest EUR 16 million into Pyrum Innovations AG, a technology company specialised in the pyrolysis of waste tyres, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant and the further roll-out of the technology.
Pyrum is currently operating a pyrolysis plant for end-of-life tyres that can process up to 10,000 t/y. 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 ChemCycling project. BASF will use the pyrolysis oil from end-of-life tyres as an additional raw material source next to oil from mixed plastic waste, the use of which is the long-term focus of the ChemCycling project.
Furthermore, Pyrum intends to build additional tyre pyrolysis plants together with interested partners. The cooperation will serve to close the loop for post-consumer plastic waste. Waste tyres 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 t of pyrolysis oil derived from waste tyres could be built up within the next years together with additional partners.
“BASF is committed to leading the transition of the plastics industry to a circular economy. Replacing fossil feedstock through recycled feedstock at the beginning of the chemical value chain is a major lever in this regard,” said Hartwig Michels, President of BASF’s Petrochemicals division. “With the investment, we have taken another significant step towards establishing a broad supply base for pyrolysis oil and towards offering our customers products based on chemically recycled plastic waste on a commercial scale.”
“After twelve years of hard work Pyrum is proud to finally be accepted by the market. We are confident that we will become one of the market leaders in tire recycling with BASF’s investment,” said Pascal Klein, Founder and CEO of Pyrum. “We can finally increase our tyre recycling and oil production capacity and concentrate our efforts on making our technology even more performant.”