Tire recycler Scutum Capital listed on German stock market
Munich-based Scutum Capital AG, a tire recycler, reports that it is now listed on the Open Market of the stock exchange in Düsseldorf. The move follows the successful test of its Pyrolyx-Carbon Black, a recycled carbon black, following the startup and trial run of its first industrial reactor line in Drunen, Netherlands in March 2012.
Niels Raeder, Member of the Board of Scutum Capital AG said in a press release, “The different test results are now available and they confirm our expectations of the Pyrolyx-technology. All of the recycled products met at least the quality of the successful test results of the materials achieved by the Pyrolyx-pilot-reactor in 2010.” Beginning in May, the company expects to begin supplying samples of its recycled products to leading international carbon black-, rubber- and tire-manufacturers for further product- and application-tests.