Pyrocore Limited (In Administration)

Hilco is seeking offers to acquire the intellectual property assets of PyroCore Limited (In Administration) (“PyroCore” or the “Company”) on behalf of the Joint Administrators of the Company, Jonathan Dunn and Matthew Whitchurch of FRP Advisory Trading Limited.
February 7 2025, 12pm GMT
Founded in 2018, PyroCore positioned itself as a leading innovator in the GreenTech sector, specialising in pyrolysis technology to address the challenges of non-recyclable waste management. The Company focused on converting problematic materials, such as biomass and plastics, into valuable by-products like biochar and syngas, supporting global efforts in carbon capture, energy production, and circular waste solutions.
PyroCore’s solutions combined proprietary technology and advanced methodologies for feedstock preparation, energy recovery, and emissions control. The Company’s innovations were supported by a robust intellectual property portfolio, including granted patents for key pyrolysis components and processes, alongside a wealth of organisational knowledge and technical data collected over years of research and development. The Company also developed proprietary software, such as SCADA and SIL 3 PLC systems, enabling real-time monitoring and control of its processes, further enhancing efficiency and safety.
With over €30m invested in developing its technology, PyroCore built a reputation for its contributions to sustainable waste management and its alignment with global environmental priorities. Strategic collaborations played a pivotal role in establishing the Company’s credibility and market relevance. PyroCore worked closely with the UK Ministry of Defence, Babcock International Group, and the Queen Elizabeth Class Aircraft Carriers, HMS Queen Elizabeth and HMS Prince of Wales. Recognised as a Key Support Provider in 2020, PyroCore’s innovative pyrolysis technology was instrumental in supporting waste management on critical naval platforms, further highlighting the robustness and adaptability of its solutions. The Company also partnered with organisations like Severn Wye Energy Agency and participated in notable projects such as the Mersey Biochar initiative, demonstrating its ability to deliver scalable, impactful waste-to-energy solutions.
In addition to its pyrolysis technology, PyroCore’s organisational knowledge and know-how include detailed engineering designs, extensive data libraries, and proprietary methodologies refined through years of R&D and real-world application.
This acquisition opportunity provides a pathway for leveraging PyroCore’s intellectual property, including patented technology, proprietary methodologies, and extensive technical data, offering significant potential for commercialisation and exploitation with the growing demand for sustainable waste solutions.
The PyroCore Brand
PyroCore built a reputation as a forward-thinking and trusted name in sustainable waste management.
Known for its pioneering approach to transforming non-recyclable waste into valuable resources, the PyroCore brand became synonymous with environmental responsibility and innovation. PyroCore’s profile was elevated through high-profile collaborations, including its partnership with the UK Ministry of Defence, where it supported waste management on the Queen Elizabeth Class Aircraft Carriers. Additionally, its involvement in the Mersey Biochar initiative highlighted its ability to deliver impactful, scalable solutions in sustainability-focused projects.
The brand has been recognised in the industry for its contributions to environmental innovation, gaining positive press coverage for its role in advancing waste-to-energy solutions. PyroCore’s collaborations with respected organisations such as Severn Wye Energy Agency and Vital Energi Utilities Limited further reinforced its credibility. These partnerships and projects have showcased PyroCore’s ability to align with global sustainability goals, adding to its reputation as a dependable partner in tackling environmental challenges.
Pyrocore’s legacy of high-profile contracts, strategic collaborations, and industry recognition positions the brand as a valuable asset for any buyer seeking to align with its strong reputation in sustainability and innovation.
Trade Marks
The Company likely holds rights in unregistered trade marks protecting the “PyroCore” brand name and logo.
Full details on the Company’s trade marks are available via a virtual data room.
Patents
PyroCore’s intellectual property portfolio includes a collection of patents that relating to waste management. Among these is a UK-granted patent for advanced rotary seals and bearings, a design aimed at enhancing the efficiency of industrial systems. Additionally, a US patent outlines a gasification system for converting solid waste into combustible gases through thermal decomposition.
Full details on the Company’s patents are available via a virtual data room.
Organisational Knowledge & Know-How
The Company holds a comprehensive and well-organised repository of organisational knowledge and know-how that underpins its innovative waste management solutions. This extensive portfolio includes detailed engineering designs, technical drawings, and operational data documenting years of research and development. While the Phoenix pyrolysis unit has been decommissioned, the Company retains design specifications and trial data that provide valuable insights into the operational performance and scalability of its technology.
The repository also encompasses proprietary methodologies for optimising feedstock preparation, energy recovery, and emissions control. These processes are supported by extensive data on feedstock variability and biochar production, offering a robust foundation for refining and developing waste transformation technologies.
Key documentation is centrally stored on the Company’s SharePoint system, which houses critical intellectual property, strategic business insights, marketing materials, and operational procedures. Together, this well-structured knowledge base provides potential acquirers with a rich resource for leveraging PyroCore’s expertise and integrating its methodologies into new or existing operations.
Software
PyroCore’s operations were supported by proprietary software systems designed to enhance the efficiency, safety, and automation of its pyrolysis processes. The Company developed and utilised advanced Supervisory Control and Data Acquisition (SCADA) systems and SIL 3 Programmable Logic Controllers (PLC), enabling real-time monitoring, remote control, and data analysis. These systems ensured precision in operational management and rigorous adherence to safety protocols, crucial for high-temperature industrial environments.
Domain Name & Website Content
The primary pyrocore.com domain name is available to acquire.
The Company owns the copyright in the website content hosted at https://pyrocore.com/en/, showcasing the business and its innovative pyrolysis technologies.
Social Media Accounts
Rights in social media accounts are also available to acquire across LinkedIn, YouTube, Twitter, Facebook, Instagram and Pinterest.
Full details on the Company’s social media accounts are available via a virtual data room.
Customer & Partner Data
The Company maintains a detailed record of the customers and partners it has collaborated with, complete with names and contact information of key individuals within relevant departments.
Supplier Data
The Company holds data on its key suppliers.
Offers are due Friday 7 February 2025 at 12pm GMT.
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room of further information on signing a confidentiality agreement.
Key Terms & Conditions
The Joint Administrators act as agents of the Company and without personal liability.
The bidder acknowledges that Hilco acts as an agent for the Joint Administrators who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Joint Administrators, and bidders are deemed to have carried out their own due diligence.
VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. A buyer’s premium of 15% of the sale price is payable by the winning bidder. Legal completion to occur within 5 business days of bid acceptance. Hilco’s full Terms and Conditions apply.