23 Apr 2024 --- Taranis Investment is investing €10 million (US$10.7 million) into Pryme, a cleantech company specializing in converting waste into plastic products through a fully electrical pyrolysis technology on an industrial scale. Pryme has developed a new cost-effective approach to pyrolysis that allows used plastic to be recycled with a high conversion rate on an industrial scale and with a lower carbon footprint than other recycling methods. Taranis’ investment will enable Pryme to accelerate the roll-out of its technology to reduce the incineration and landfilling of hard-to-recycle plastic. The investment also aligns with the Taranis Carbon Ventures fund’s thesis of supporting the development of innovative technologies enabling carbon circularity.
