Pyrum and Continental conclude a contract for the supply of recovered Carbon Black (rCB)

  • As part of the deve­lo­p­ment agree­ment concluded in 2022, Pyrum and Conti­nental agree on the supply of reco­vered carbon black 
  • Increase in deli­very volume planned in parallel with ongoing expan­sion of produc­tion capacities
  • This means that, in addi­tion to pyro­lysis oil, there are now long-term supply contracts for all of Pyrum’s core products

Dillingen /​Saar, 30 March 2023 — Pyrum Inno­va­tions AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), a pionee­ring company that sustain­ably recy­cles used tyres with its globally patented, unique pyro­lysis tech­no­logy, has concluded a contract with the premium tyre manu­fac­turer Conti­nental for the supply of reco­vered carbon black (rCB).

In addi­tion to the contract for the supply of pyro­lysis oil to BASF SE, long-term serial supply contracts for all of Pyrum’s core products have now been concluded.

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “The long-term supply contract is a huge step for our company. We have now concluded serial supply contracts for all core products. As with our pyro­lysis oil, the demand for our rCB is much greater than we can curr­ently fulfil. We will ther­e­fore be expan­ding our produc­tion capa­ci­ties over the next few years and expect to triple our capa­ci­ties this year with the commis­sio­ning of produc­tion lines II and III at our site in Dillingen. Poten­tial part­ners and inte­rested parties now have the certainty that both end products — oil and rCB — have a market that will buy the products. This is the final buil­ding block to start rolling out the systems in large-scale production.”

The contract with Conti­nental follows on from the joint deve­lo­p­ment agree­ment that has already been in place for a year, one of the aims of which is to further opti­mise and expand the recy­cling of used tyres through pyro­lysis. Since then, Pyrum has demons­trated in various audits that it fulfils basic auto­mo­tive industry stan­dards and recently received ISO 14001 certi­fi­ca­tion for its envi­ron­mental manage­ment system, for example. In addi­tion, Conti­nental has already held a stra­tegic mino­rity stake in the company since Pyrum’s IPO in 2021. In the long term, Pyrum and Conti­nental are aiming for a circular economy concept for the recy­cling of used tyres in order to reduce the use of fossil raw mate­rials and CO2-emis­sions in the produc­tion and recy­cling of tyres.

Pyrum Innovations AG

Contact us

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

Pyrum Inno­va­tions AG
Diesel­strasse 8
66763 Dillingen
E‑mail: presse(at)pyrum.net
https://​www​.pyrum​.net

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About Pyrum Innovations AG

With its patented pyro­lysis tech­no­logy, Pyrum Inno­va­tions AG is active in the attrac­tive recy­cling market for used tyres and various plas­tics. Pyrum’s pyro­lysis 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 pyro­lysis 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 waste tyre recy­cling sector to receive REACH regis­tra­tion from the Euro­pean Chemi­cals Agency (ECHA) for the pyro­lysis 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 pyro­lysis 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.