logo
Plus   Neg
Share
Email

Pyrolyx Stock Up On Deal With Continental For Supply Of Recycled Carbon Black

Shares of Pyrolyx AG gained around 6 percent in Australian trading after the company announced that it entered into a five-year Recovered Carbon Black or rCB supply agreement for Continental AG's (CTTAY.PK) tire manufacturing facilities.

Under the deal, Pyrolyx, which is engaged in the recovery of rCB from used tires, plans to deliver 10,000 tons per year within next five years.

The company said it expects to absorb over 3 million end-of-life tires and to save more than 25,000 tons of CO2 emissions annually compared to traditional carbon black under this agreement.

The supply agreement will support Pyrolyx's growth with additional manufacturing facilities in North America and Eastern Europe.

In Australia, Pyrolyx shares were trading at A$0.90, up 5.88 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT