Pyrolyx is an industry leader in the supply of commercial-scale recovered Carbon Black to tyre, industrial rubber and masterbatch companies through its specialised patent protected process that transforms waste tyres into high-grade, valuable raw materials, primarily recovered Carbon Black (rCB), oil and steel in an environmentally sustainable (closed end system) manner. Pyrolyx is the leading global manufacturer of rCB. Pyrolyx’s rCB has been accepted for inclusion in the manufacture of new tyres, as well as in the plastic and technical rubber industries.
Pyrolyx has manufactured rCB for over ten years, first at a pilot facility in Holland and then at a full commercial scale test facility in Stegeltiz. Pyrolyx is building a full scale commercial facility in Indiana, which is expected to be operational by June 2019. Pyrolyx commercially supply a number of significant global customers, and is in final stages of testing, approval and release with many other customers.
Pyrolyx provides a sustainable, financially lucrative and environmentally friendly solution to the serious and growing global problem of disposing of end-of-life tyres, which are being stockpiled at the rate of 2 billion tyres annually. Pyrolyx’s closed end system of manufacture saves over 2.5 tonnes of CO2 per tonne of carbon black produced. Further, Pyrolyx solves the relatively insoluble and undeniable problem of end-of-life tyres which currently are disposed of in rubbish dumps or burnt, both of which have detrimental environmental impacts. Each Pyrolyx facility uses as raw material over 4 million tyres per annum, thereby helping solve this previously intractable problem.
|Number of shares||5,960,869|
|Commencement of trading||16.06.2009|
|Stock market segments||
Stock Exchanges of Düsseldorf and Frankfurt, XETRA Trading, m:access and Australian Stock Exchange ASX
|Securities identification number||A2E4L4|
The preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) of the Pyrolyx Group for the financial year 2017 amounts to a loss of around EUR 6,5 million (compared to a loss of EUR 4,5 million in 2016). The Pyrolyx Group`s revenue in 2017 was about EUR347,000 up from EUR234,000 the previous year.
As a part of the implementation of the public offer in Australia and in some other nonEuropean jurisdictions, Pyrolyx AG today signed a firm underwriting agreement subject to normal standard market conditions with Moelis Australia Advisory Pty. Ltd (Sydney Australia) for 1,599,396 new shares totaling approx. EUR 23.5 million pre-transaction fees.
Pyrolyx AG has announced that a debt financing agreement for $US30 million has been signed with the help of Investment Bank Piper Jaffray & Co. (USA). The loan for the construction of the first production plant in Indiana, USA, bears interest of 7.25% p.a. and will mature in December 2028. The debt financing commitment is conditional on the availability of the equity required to finance the project.
With Pyrolyx’s Supervisory Board having endorsed the company’s annual accounts for 2015, they have now been formally approved in accordance with Section 172 AktG German Stock Corporation Act. The financial statements for the year ending December 31, 2015 have been audited and awarded an unqualified audit opinion by the auditor. The cash capital increase decided on April 28, 2016 was placed by issuing 111,878 new shares at €11.00 per share and entered in the Register of Companies on June 30, 2016. The company’s total share capital is now €2,918,083. The funds raised amounting to €1,230,658 – before costs – will be used to finance further business development.
Publication of Annual Report 2017
20.07.2018: Annual Shareholders Meeting in Munich
Publication of the Half-Year-Report as of 30.06.2018
30.04.2019: Annual Shareholders Meeting in Munich
Events & Fairs
Münchner Kapitalmarkt Konferenz
The Charles Hotel – Sophienstraße 28 – 80333 München
11th December 2018, 12:10 h
Investor relations contact
Link Market Services GmbH