Pryme N.V.
GGETTEX:8XG00.07
EUR
+0.00
(+7.30%)
Pryme N.V.
GETTEX:8XG0
(Gettex)
Recent
price
0.07
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pryme N.V. is a Netherlands-based cleantech and chemical recycling company that specializes in converting post-consumer plastic waste into circular chemical feedstocks through advanced thermal conversion technology. Founded in 2019 and headquartered in Rotterdam, the Netherlands, the company operates within the environmental services, resource recovery, and petrochemical feedstock sectors. Pryme N.V. utilizes proprietary high-throughput continuous pyrolysis technology to process sorted, hard-to-recycle plastic fractions into liquid hydrocarbons, offering a specialized suite of products and services that includes: advanced chemical recycling services for sorted post-consumer plastic waste, with a primary focus on mixed polyolefins such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), and polypropylene (PP); production and commercial supply of high-grade pyrolysis oil, serving as a circular liquid feedstock for petrochemical steam crackers to replace fossil-based naphtha in the production of virgin-equivalent circular plastics, resins, and industrial chemicals; recovery and internal valorization of non-condensable synthesis off-gas generated during the thermal cracking process to supply plant heating requirements and reduce operational carbon emissions; capture and processing of carbon-rich char byproducts for industrial use; and proprietary reactor design, scaling, and engineering services for large-scale industrial chemical recycling infrastructure. The company primarily caters to multinational chemical and petrochemical producers, circular packaging manufacturers, and municipal and private waste management operators across the Netherlands and broader Northwest Europe. In recent operational developments, Pryme N.V. achieved mechanical completion and commenced commercial ramp-up and initial product deliveries from its flagship industrial-scale facility, Pryme One, situated in the Port of Rotterdam, designed with an annual processing capacity of approximately 40,000 metric tons of plastic waste to yield roughly 30,000 metric tons of pyrolysis oil. To commercialize output and secure input supply, the company maintains strategic multi-year offtake partnerships with global energy and petrochemical corporations, including Shell, for the long-term delivery of circular pyrolysis oil to European cracker complexes. Furthermore, Pryme N.V. has completed multiple equity and debt financing rounds to support the optimization and throughput expansion of Pryme One, advance preliminary engineering for its next-generation rollout facility, Pryme Two, and broaden cross-border feedstock aggregation agreements across European recycling networks.