The company says it will initially focus on extracting oil and other raw materials from plastics and tires.
PyroTec Inc. has announced plans to establish a new domestic and global corporate headquarters in Charleston County, S.C. The $10 million investment is expected to generate 75 new jobs.
The company is involved in recovering component materials from waste and other feedstock. PyroTec's patented process extracts oil, carbon black, syngas and steel from scrap tires, which are then sold as commodities. The company says it will initially focus on extracting oil and other raw materials from plastic and tires.
“We are pleased to move forward with setting up our new operations in the Charleston area," says John Burns, CEO of PyroTec. "South Carolina gives us an excellent business environment, and we look forward to growing our business here. We appreciate the support we’ve received from state and local officials."
South Carolina Gov. Nikki Haley says, “We celebrate PyroTec’s decision to establish its new headquarters in South Carolina, and invest $10 million and create 75 new jobs in Charleston. Announcements like this show that we are on the right track with regards to economic development.”
Charleston County Council Chairman Teddie Pryor says, “We congratulate PyroTec on their corporate relocation to the Kiawah Island area. This high-tech company will create a lot of excitement with their recycling technology and their business plans for the area. The company’s efforts to find more and better ways to reclaim and recycle materials and create energy are nicely in sync with the similar goals of Charleston County’s long-standing solid waste, recycling and conservation initiatives. We wish the company great success!”