Pryme N.V.
OOSL:PRYME1.25
NOK
-0.05
(-3.85%)
Pryme N.V.
OSL:PRYME
(Euronext Oslo)
Recent
price
1.25
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pryme N.V. is an advanced cleantech and chemical recycling company that specializes in converting post-consumer mixed plastic waste into high-value circular petrochemical feedstocks. Founded in 2008 and headquartered in Rotterdam, the Netherlands, the company develops and operates industrial-scale recycling infrastructure utilizing a proprietary, optimized pyrolysis process designed to divert non-mechanically recyclable plastic waste from incineration and landfills. The company is publicly listed on Euronext Growth Oslo under the ticker symbol PRYME. The company operates through the advanced recycling and sustainable materials sector, providing products and solutions that include: pyrolysis oil, a liquified recycled plastic feedstock utilized by petrochemical steam crackers to manufacture circular, virgin-quality polymers and chemical products; pyrolysis synthesis gas, an energetic off-gas utilized in closed-loop thermal integration to power internal plant heating processes; solid carbon char and mineral residues generated as secondary byproducts during thermal conversion; chemical recycling facility design, engineering, procurement, construction, and plant management services, anchored by its flagship industrial installation, Pryme One; and clean technology research and development services, focusing on thermodynamic modeling, reactor scaling, and electrified conversion technologies in collaboration with research organizations such as Ghent University. Pryme N.V. primarily serves international petrochemical manufacturers, polymer producers, and waste management enterprises across Europe. In recent company developments, Pryme completed the construction, commissioning, and operational start-up of its first commercial-scale plant, Pryme One, situated in the Port of Rotterdam, designed to process approximately 40,000 metric tons of plastic waste annually into roughly 30,000 metric tons of circular feedstock. The company maintains a multi-year strategic cooperation and offtake agreement with Shell to deliver pyrolysis oil to cracker assets in the Netherlands and Germany. To accelerate technology commercialization and plant ramp-up, Pryme secured strategic equity investments and funding partnerships with LyondellBasell, the Circular Plastics Fund managed by Infinity Recycling, and Dutch national promotional institution Invest-NL. Furthermore, the company joined the European Union-supported Horizon Europe ELECTRO research consortium to develop next-generation electrically heated pyrolysis reactors, while implementing reactor sealing optimizations, operational debottlenecking, and commercial contract restructuring across its supply and offtake networks to support future multi-plant rollouts.