Recovered carbon black players to merge

Munich/Potsdam, Germany – Pyrolyx AG and carbon clean tech AG (cct) plan to merge their activities in the production of recovered carbon black (rCB), the companies have announced.

Under a non-binding agreement signed 12 Feb, cct subsidiary cct Stegelitz GmbH is to be incorporated into Pyrolyx AG by way of a capital increase. In exchange cct AG will receive shares corresponding to a share of 16.6 percent of the share capital of Pyrolyx AG, which will also pay an additional, undisclosed amount to cct shareholders.

Produced from post-consumer rubber and tires, rCB is claimed to offer a cost-effective, sustainable alternative to traditional carbon black for a variety of plastics and rubber applications, including rubber compounds for tires.

The deal is scheduled for end of April 2015, with full integration of cct into Pyrolyx AG slated for the end of the second quarter of 2015. This would then facilitate a capacity expansion via the addition of a production unit, based on Pyrolyx-patented technology, at the site of cct’s existing 4.500 tonnes/year rCB plant.

Within the next 24 months, Pyrolyx plans an investment of €10 million in product development, research and international sales. An rCB and rubber laboratory at the production site in Stegelitz is also planned to help speed up rCB product development.

Munich-based Pyrolyx specialises in practical and applied research in environmental technology, including a process that enables rCB production from commercial rubber granules from post-consumer tires.

Based in Saxony-Anhalt and Potsdam, Germany, cct AG claims to be the leading European producer of rCB, with an industrial production facility in Stegelitz near Magdeburg, serving customers since 2012.