- 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.