Saga Pure ASA Invests NOK 30 Million in the Chemical Recycling Company Pryme
Saga Pure ASA | January 25, 2021
Saga Pure ASA has as a foundation financial specialist, resolved to buy in and be dispensed offers for NOK 30 million out of a private position of new offers in CRC Holding B.V ("Pryme"). Following the Private Placement Saga will claim around 4% of the organization.
“Over the last few years the world has come to truly understand the negative impacts plastic waste has on the ecosystems, and there is a strong need for innovative solutions to tackle the issue. One important pillar for handling the plastic issue is efficient recycling. Pryme has developed a solution which combines a high conversion rate along with large scale, both crucial to improve the economics of such operations, and by utilizing electricity for the process also enables a potentially zero overall carbon footprint,” says Bjørn Simonsen, CEO of Saga Pure.
Pryme is an organization situated in Rotterdam, the Netherlands with an accomplished group with foundation from the reusing, crude materials, pyrolysis, chemical and construction industry. The organization will utilize a changed pyrolysis cycle to change over plastic waste into pyrolysis oil, which will be additionally refined downstream for creation of new plastics.