Chairman of the Supervisory Board increases his shareholding in the company

Dillingen /​Saar, 27 February 2023 – Alf Schmidt, long-​standing Chairman of the Supervisory Board of Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), has increased his shareholding in the Company by 1,667 shares. Due to the tight market for Pyrum shares, Pascal Klein, CEO and largest single shareholder of the Company, has provided shares from his holdings for this purpose. The transaction was executed as an OTC transaction at a purchase price of EUR 60.00 per share and thus around 3 % above the average value of the last five trading days on Xetra (EUR 58.05).

Pascal Klein, CEO of Pyrum Innovations AG: “We are delighted that our highly esteemed Chairman of the Supervisory Board has become even more involved in Pyrum. Alf Schmidt’s financial commitment of around EUR 100,000 once again demonstrates his firm belief in our business model and our huge potential to establish a sustainable circular economy for used tyres.”

Pyrum Innovations AG, a pioneering company that sustainably recycles used tyres with its patented pyrolysis technology, has been listed on the Euronext Growth market segment of the Oslo Stock Exchange since 30 September 2021 and on the Scale market segment of the Frankfurt Stock Exchange since 30 March 2022. In addition to the founding partners Pascal Klein and Michael Kapf, the chemical group and coöperation partner BASF is also a major shareholder with a current stake of 7.9 %. In addition, the tyre manufacturer Continental also participated in the IPO.

The corresponding notifications of Pyrum Innovations AG regarding proprietary transactions by executives in accordance with Art. 19 of the Market Abuse Regulation (Directors’ Dealings) are available on the company’s website at https://​www​.pyrum​.net/​i​n​v​e​s​t​o​r​e​n​/​f​i​n​a​n​z​m​i​t​t​e​i​l​u​n​g​e​n​/​r​e​g​u​l​a​t​o​r​i​s​c​h​e​-​m​i​t​t​e​i​l​u​n​g​en/ available.

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.