Pryme N.V. has produced 30 metric tons of Pyrolysis OilRotterdam ,25 April 2024 In April of 2024, Pryme initiated commercial production. This followed the production of first oil in January of 2024 and the initial successful complete process production inFebruary 2024 . After a few short calibration batches in early April, Pryme completed two continuous production periods this week, lasting 4 and 8 hours, respectively, in which more than 25 tons of plastic waste were converted into 20 metric tons of pyrolysis oil. The produced oil was transferred to storage and is now ready for shipment. In total, Pryme has produced an estimated 30 metric tons of oil. These continuous production rounds have confirmed the initial observations of the commissioning phase, namely: (i) a smooth flow of feedstock into the extruder, (ii) normal operating pressures of melted plastic through the melt pipe, and (iii) Pryme's electrically heated reactor yielding residence times well below initial estimates. The absence of polyolefins in the residual ash and wax formations in the subsequent condensation steps have also been confirmed, the combination of which confirming the complete chemical cracking process of the melted plastic waste entering the reactor. Following customary formal regulatory approvals, we expect to ship product to our first customer in May. Based on the progress to date, management expects to produce at least 500 metric tons of pyrolysis oil in Q2-2024. "The last few weeks have been, as one would expect, emotional as Pryme gradually ramps up the production atEurope's largest advanced recycling plant in operation. Through these first continuous production periods, we have safely tested our installation at over 50% of the nameplate capacity over the course of multiple hours. The data that we have collected is critical in identifying the next steps required to further optimize production and ultimately reach full utilization rates", saidKarel Kraanen , Production Manager at Pryme One. About Pryme | www.pryme-cleantech.comPryme N.V. is an innovative cleantech company focused on converting plastic waste into pyrolysis oil through chemical recycling on an industrial scale. Its efficient and scalable technology is based on a proven process that has been further developed and enhanced with proprietary characteristics. The company has initialized production at its first plant in the port ofRotterdam , with an expected nameplate intake capacity of about 40,000 tons of plastic waste annually. Pryme's ambition is to contribute to a low-carbon circular plastic economy and to realize the large rollout potential of its technology through the development of a broad portfolio of owned-operated plants with strategic partners. The company is listed on Euronext Oslo Growth market. Pryme can be followed on LinkedIn.
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