MUNICH — Recovered carbon black (rCB) producer Pyrolyx A.G. is moving ahead with plans for a second plant in the U.S., to be built adjacent to one under construction in Terre Haute, Ind.
Pyrolyx — which is in the process of moving its headquarters to Terre Haute from Munich — said it expects the new plant to be "substantially similar" to its first U.S. tire pyrolysis unit, which is nearing completion.
The plant under construction has a rated annual capacity of nearly 13,000 metric tons of carbon black, which translates to about 4 million tires recycled a year.
Construction on the unit is expected to start in the third quarter.
The company has raised $2.3 million from the sale of equity capital in Pyrolyx A.G. and has access to a $4.5 million loan facility from Pyrolyx USA Inc. for funding.
Pyrloyx recently disclosed a non-binding five-year agreement to supply up to 15,000 tons of rCB a year to tire maker Continental A.G. from its plants in Stegelitz, Germany, and Terre Haute.