Pyrolyx Moves HQ to USA
Pyrolyx A.G. is to relocate its headquarters to the USA. This is is anticipation of its core market being based in North America.
Pyrolyx Due to Move to US
The company is building what is expected to be the world’s largest tyre pyrolysis plant at Terre Haute, Indiana. Production is expected t begin in early 2019.
“08 has seen a year of developments for Pyrolyx, in addition to the new plant, chief financial officer Eric Molzahn had his contract terminated after a vote of no confidence
Pyrolyx USA Inc. CEO Thomas Redd was set to appoint a global CFO, and that a consulting agreement with founder and former Chairman Niels Raeder had also been terminated.
Raeder started Pyrolyx in 2008 and led expansions, such as its majority takeover of U.S. pyrolysis firm Reklaim Inc.
According to a previous announcement, Raeder was to have continued serving as an adviser and support Pyrolyx's international expansion and strategic partnerships with the international tyre and carbon black industry.