USA, Terre Haute
Expected commissioning: 1st half of 2019
Commercial batch production plant with an annual output of approx. 13,000 metric tons of recovered carbon black
Approx. 40,000 metric tons of used tire shreds to be processed annually
- Pyrolyx Invent (100%): Develops components, equipment and engineering processes used in the Pyrolyx production facilities.
- Pyrolyx International (100%): • Pyrolyx International (100%): Holding company for Pyrolyx’s interests in Pyrolyx USA, cct Stegelitz and other future manufacturing companies.
- cct Stegelitz (80%): Conducts R&D for new processes and products for Pyrolyx and its customers and operates the production site in Stegelitz. Carbon Clean Tech AG, the founder of cct Stegelitz, currently holds a 20% stake which will be transferred to Pyrolyx International following payment of the final amounts under the purchase agreement for cct Stegelitz.
- Pyrolyx USA (94%): Pyrolyx AG holds (either directly or through Pyrolyx International) a 94% stake in Pyrolyx USA, the joint venture between Pyrolyx and Reklaim, Inc. The remaining 6% is held by Reklaim, Inc.
- Pyrolyx USA Indiana, LLC (100%): Pyrolyx Indiana is a wholly owned subsidiary of Pyrolyx USA. Pyrolyx USA develops and manages the production facility in Terre Haute and is responsible for project financing.
Pyrolyx AG’s extensive technology and engineering experience is the result of over 15 years’ development and investment by Pyrolyx and its founders as well as cct Stegelitz and Reklaim.
In 2001, Fikret Dülger, former Chief Technology Officer of Pyrolyx, began the first phases of development for the recycling of rubber granules which ultimately became the Pyrolyx technology.
Pyrolyx acquired the existing technology and intellectual property in 2009 through an investment company, whereupon the company was renamed Pyrolyx AG. In 2011, it built a commercial-scale pilot plant in Drunen, the Netherlands.
In June 2015, Pyrolyx AG acquired cct Stegelitz GmbH. Prior to the acquisition, cct Stegelitz had developed batch technology for the recovery of carbon black from waste tires and operated a modern plant since 2012. Thanks to this acquisition, the ongoing development of Pyrolyx technology, and the joint venture in the US, Pyrolyx substantially consolidated its current market leadership position. For years now, renowned tire manufacturers have been supplied with Pyrolyx rCB and products manufactured with the addition of rCB.
In December 2016, Pyrolyx entered into a joint venture with US company Reklaim, Inc. to found Pyrolyx USA, Inc.
In August 2017, Pyrolyx became the first German corporation to be listed on the Australian Securities Exchange (ASX). That same month, the company broke ground and began building the world’s largest rCB production plant in Terre Haute, USA.
The CEO, Bernhard Meder is an entrepreneur and founder of the Meder Electronic Group, which he has established as a market leader in the field of electromagnetic component production. The company, which is also located in the US and Asia, was successfully sold in 2012. Mr. Meder is still CEO of Meder Holding AG in Switzerland and founder of M-Invest GmbH in Germany.
CEO Pyrolyx USA
Thomas Redd has been chief executive officer of Pyrolyx USA, Inc. since December 2016. Mr Redd was previously president and chief executive officer of Reklaim, Inc. prior to its joint venture with Pyrolyx AG to form Pyrolyx USA, Inc. Mr. Redd is a licensed, Professional Civil Engineer in the State of Washington, holds a Masters of Business Administration degree, a Masters of Science degree in Environmental Engineering, and a Bachelors of Science degree in Aerospace Engineering.
David F. Groves
Chairman of the Board
David Groves is a private investor holding various directorships in ASX listed and private companies, eg Pengana Capital Group Ltd, Pengana International Equities Ltd, Pipers Brook Vineyard Pty Ltd, and Tasman Sea Salt Pty Ltd. He is a member of the Council at the University of Wollongong and sits on the advisory board of the Australian Rugby Foundation. He holds a Master of Commerce from the University of New South Wales, is a member of the Australian Institute of Chartered Accountants, and is a Fellow of the Australian Institute of Company Directors.
Michael Triguboff (*1955, Australia) is an experienced investment banker who is, or has been, a Director on numerous public and private companise in Asia, the US and Australia. He was a global partner of Lazard Freres & Co., and founder and owner of MIR Investment Management Group, an institutional fund manager specialising in Asia Pacific equities. He has a BA (Syd), LLB (UNSW), MBA (NYU), MBSys (Monash), MCS (UIUC/Columbia), LLM (Syd/ Melb) and MCrim (Syd).
Dr. Lars Franken
Dr. Lars Franken is Partner and member of the Managing Board of IVC Independent Valuation & Consulting. He regularly works on valuations under corporate law as a court appointed expert or as a neutral appraiser. Lars previously worked for PricewaterhouseCoopers and holds a PhD degree in economics of Ruhr-University Bochum. He is certified as accountant (Wirschaftspruefer) and as chartered financial analyst (CFA).
Guido Veit (*1967, Germany) studied process engineering at the University of Stuttgart. He has more than 20 years of international project and plant engineering experience and today is responsible for the global rubber, plastics and mixing business of Zeppelin Systems. His practical experience ranges from bulk material handling and liquid dosing through hot gas filtration to the recycling of rubber and plastics. He maintains excellent contacts with the tire industry and develops concepts for the rubber mixing room at both Greenfield and Braunfields.
David A. Steele
David Steele serves as board chair at Central Earthmoving Company P/L. He recently served as Group Managing Director for the international engineering company WorleyParsons, based in Houston. David holds a Master in Business Administration of Heriot Watt University and is a graduate of the Australian Institute of Company Directors.
Jobs at Pyrolyx
Driven by the idea of a sustainable economy and the desire to regard the challenges on the commodities markets as an opportunity, Pyrolyx AG’s goal is to establish the world’s first tire-to-tire technology for carbon black in rubber compounds on the market. And for this purpose, we need you!