Pryme (PRYME) Company Presentation summary

Business overview and strategy

• Pryme is focused on large-scale advanced recycling, converting plastic waste into high-quality pyrolysis oil (PPO) to enable circular plastics production.

• The company leverages scalable, electrically heated reactor technology, offering up to 6x the capacity of competitors and superior product consistency.

• Strong shareholder backing from LyondellBasell, Taranis, Invest NL, and Infinity Recycling provides stability.

• Pryme has secured PPO sales contracts with major downstream players and is integrated with existing waste management systems.

• EU regulations mandating recyclable packaging by 2030 support long-term demand for advanced recycling outputs.

Technology and operations

• Pryme One, the first industrial plant, processes up to 26,000 tons of plastic waste annually using a single high-capacity reactor.

• The technology efficiently handles varied polyolefin and contamination levels, with feedstock sourced from over eight suppliers.

• The process includes bulk reception, extrusion, thermochemical cracking, and two-step condensation to produce PPO.

• In 2024, over 500 tons of plastic waste were processed, yielding more than 340 tons of PPO at up to 2 tons/hour input rates.

• Production challenges included mechanical issues, feedstock feed rates, and oil quality, with improvements and stable production targeted for 2025.

Production plan and outlook

• A staged operational plan for 2025 aims to ramp up production: Q1 up to 200 tons, Q2 750–1,250 tons, Q3 1,500–2,500 tons, Q4 3,000–4,000 tons of PPO.

• The plan was revised due to a main reactor seal leak, causing a two-month delay.

• Pryme One serves as a technical foundation for future plants, with learnings informing the design and rollout of Pryme Two.

• Pryme Two is targeted for completion and production start by end of 2028, with site selection and permitting underway.

• Market demand for PPO is expected to exceed supply, supporting future expansion.