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BUSINESS OVERVIEW : ACHIEVEMENTS IN H1 2021 ● Pryme making plastics circular INTERIM REPORT H1 2021 Successful IPO and loan increase to support future growth At the start of 2021 investors confirmed their trust in Pryme's recycling strategy , its market opportunities and its next - gen pyrolysis technology : ● The company raised NOK 287 million ( ca. EUR 28 million ) , of which NOK 256 million was in new capital , through a successful IPO . Shares of the new issue were sold at NOK 51.20 each , corresponding to a post money market capitalization of NOK 768 million . Pryme was admitted to trading on the Oslo Euronext Growth Exchange on 16 February 2021 ( ticker code : PRYME ) . An increase of the existing asset - backed loan facility was negotiated : from EUR 3.7 million to EUR 8.2 million , with a tenor of 96 months . This represents 35-40 % of projected capex and is an important marker in the company's ambition to finance a major part of its future investments through non - dilutive funding . On schedule for construction the first industrial - scale plant Following the IPO , Pryme started the necessary preparations for the construction of its first plant : • Long lead items ordered and confirmed ● Engie has started implementing the engineering , construction and installation contract Civil works have started in August Design of the steel structure has been finalized and ordered for delivery and installation in December Equipment will be installed in Q1 2022 Commissioning was scheduled for Q2 2022 The plant will be built under the PlantOne umbrella in the port of Rotterdam . With an initial annual plastic intake of 40,000 mt , which will grow to 60,000 mt by 2024 , it is poised to set a new standard in plastic recycling . PRYME BV - Interim Report H1 2021 - 25.08.2021