Pyrolyx A.G. has made of moves to shore up its developing U.S. operations ahead of relocating its HQ to Terre Haute, Ind.
Pyrolyx Invests in the US, Buys Tyre Recycler to Secure Feedstock
In the U.S., Pyrolyx said it has secured additional debt funding of $4.5 million and agreed to buy the assets of tyre recycling business J&R Used Tire Service Inc., which is setting up a tire-shredding facility in Newport, Ind., primarily to supply feedstock to Pyrolyx. The purchase agreement is valued at $4.5 million.
The Newport plant has seen a $2.5M investment that should see it capable of shredd...
Pyrolyx Invests in the US, Buys Tyre Recycler to Secure Feedstock
In the U.S., Pyrolyx said it has secured additional debt funding of $4.5 million and agreed to buy the assets of tyre recycling business J&R Used Tire Service Inc., which is setting up a tire-shredding facility in Newport, Ind., primarily to supply feedstock to Pyrolyx. The purchase agreement is valued at $4.5 million.
The Newport plant has seen a $2.5M investment that should see it capable of shredd...
