Recovered carbon black producer Pyrolyx A.G. is progressing with plans for a second plant in the U.S., to be built adjacent to one under construction in Terre Haute, Indiana. Pyrolyx is also in the process of moving its headquarters from Munich to Terre Haute. Construction on the plant is expected to start in the third quarter.
The plant under construction has a rated annual capacity of nearly 13,000 metric tons of recovered carbon black, which translates to about 4 million tires recycled a year.
The company has raised $2.3 million from the sale of equity capital in Pyrolyx A.G. and has access to a $4.5 million loan facility from Pyrolyx USA Inc. for funding.
Pyrolyx recently disclosed a non-binding five-year agreement to supply up to 15,000 tons of rCB a year to tire maker Continental A.G. from its plants in Stegelitz, Germany, and Terre Haute.
Here’s the press release.