GreenTech Recycling Tires AB has received a €24m grant commitment for its planned tyre recycling project with Pyrum in Sweden, according to Pyrum’s September announcment.
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The proposed thermolysis plant would process 22,700 tonnes of end-of-life tyres annually. Environmental, construction and operating permit applications remain under review.
Pyrum expects the project to gain momentum by the first quarter of 2027 at the latest. That is not a commissioning date. The commitment supports financing but does not confirm that funding has been paid or the project is fully financed.
For ELT recyclers and recovered-material suppliers, the distinction matters: planned processing capacity cannot yet be counted as operating output. Permit decisions, construction and commissioning remain the milestones to watch before the project can contribute to recycling capacity.
Separately, Pyrum’s Dillingen grinding and pelletising unit was achieving up to 1,250kg per hour, below its guaranteed 1,650kg throughput, at the time of the announcement. Delays in its ramp-up prompted Pyrum to reduce its 2026 revenue forecast to €4.2m–€5.3m from €6.5m–€9.5m. The company attributed the bottleneck to conveying ground material into downstream processing stages and said its equipment supplier was working on technical solutions.
The Swedish funding commitment and Dillingen’s production performance are separate developments. The announcement provides no basis for concluding that the German bottleneck will affect the planned Swedish plant.
Tags: Pyrum; GreenTech Recycling Tires AB; tyre recycling; end-of-life tyres; ELT recycling; thermolysis; Sweden; recycling plant; grant commitment; Dillingen
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