Pyrum Innovations AG Annual General Meeting approves management proposals with large majority
Pyrum Innovations AG held its Annual General Meeting on which the shareholders present approved all agenda items with a large majority.
The voting results of the Annual General Meeting have been published on the website
The Pyrum presentation shows an interesting market expectation where the dynamics of the European market change dramatically from 50 per cent burning to just two per cent burning by 2030 – suggesting a removal of the use of tyres as a fuel. Pyrum also expects the granulate market to drop from 30 per cent share to just ten per cent, whilst exports listed at ten per cent are expected to drop to just two per cent.
This, according to Pyrum, will see what it calls tyre availability increase from ten percent to 86 percent of the market.
Pyrum is one of Europe’s pyrolysis success stories, and whilst there is a drive towards an end of TDF, and the granulate market will be hit by the microplastics ban. Perhaps, depending upon the viewpoint, Pyrum is being somewhat optimistic that there will be feedstock availability at such a high level, or pessimistic about the future of the ambient processing sector.
The export figures are probably a little vague, as across Europe, there is an ongoing demand for tyres from Turkey, India and Pakistan, not to mention North African markets. Figures from the EPR agencies tend to be a little vague on exports, even the UK, which acknowledges it has high exports to India, is somewhat unsure of just exactly how many tyres get exported.
Unless there is a change in legislation in India, then there seems to be no slowing in demand for tyres from that market.
Of course, a glut of tyres in Europe, as is suggested by Pyrum’s forecast, would potentially push up the gate fee, making pyrolysis (and other processes) even more viable. That higher gate fee may though, also attract attention from other export markets unless Europe takes precautions to encourage domestic recycling – as proposed by AZuR.
