BASF supports Pyrum in financing the current rollout plan with an initial EUR 25 million

Dillingen /​Saar, 15 November 2023 – Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) and BASF Antwerpen NV have today signed a new coöperation agreement. The agreement provides for a conditional loan of initially EUR 25 million, to be drawn in tranches, which will serve as start-​up financing for the realisation of Pyrum Innovations AG’s concrete project pipeline until 2026. In addition, provided that Pyrum will have secured additional financing of EUR 50 million, for example in the form of corporate bonds via the capital market, loans or investments from partners of jointly planned plants, BASF will provide a further EUR 25 million as a loan to Pyrum under corresponding conditions.

The object of the agreement is the planning, project development and construction of at least three new plants, each with an annual capacity of 20,000 tonnes of end-​of-​life tyres, using the funds provided. Pyrum plans to use the funds in particular for the construction of the announced plant in Saarland as well as for the equity contribution and co-​financing of up to five of the projects announced in recent months with financially strong partners. The aim of Pyrum and BASF is to significantly expand the Company’s production capacities.

Contact us

IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E‑mail: pyrum(at)

Pyrum Innovations AG
Dieselstrasse 8
66763 Dillingen
E‑mail: presse(at)

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for used tyres and various plastics with its patented thermolysis technology. Pyrum’s thermolysis process is largely energy self-​sufficient and, according to the Fraunhofer Institute, saves significantly more CO2 emissions than today’s standard recycling processes for used tyres – especially compared to incineration in cement plants – and produces new raw materials such as thermolysis oil, gas and recycled carbon black (rCB) from the waste used as input materials. In this way, Pyrum closes the material cycle and pursues a 100% sustainable business model. As a pioneer, Pyrum Innovations AG was the first company in the field of used tyre recycling to receive REACH registration from the European Chemicals Agency (ECHA) for the thermolysis oil it produces back in 2018. This means that the oil is recognised as an official raw material that can be used in production processes. In addition, Pyrum has received ISCC PLUS certification for the thermolysis oil and the rCB. Both products are therefore recognised as sustainable and renewable raw materials. Pyrum has also received ISO 14001 certification for its environmental management system and ISO 9001 certification for its quality management system. These successes have also been recognised by international experts in the tyre industry. For example, Pyrum was honoured at the first Recircle Awards in the category Best Tyre Recycling Innovation and has been a finalist for the German SME award three times in a row.