Pyrum founder Pascal Klein gives employees a stake in the company

  • To mark the company’s 15th anni­ver­sary, the company founder donated his own shares to all perma­nent employees as a gift
  • A total of around 75,000 euros as reco­gni­tion, moti­va­tion and to streng­then employee loyalty

Dillingen /​Saar, 10 July 2023 — Pyrum Inno­va­tions AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), was informed today by its founder and main share­holder Pascal Klein that he would like to give all perma­nent employees a stake in the company as part of a gift of treasury shares total­ling around EUR 75,000. The shares were initi­ally trans­ferred to the company today by Pascal Klein and will subse­quently be passed on equally by Pyrum to the 70 or so employees as a bonus within the frame­work of tax and social secu­rity-free trans­fera­bi­lity. Further employee reten­tion measures are also planned for the future.

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “Since our IPO in 2021, it has been very important to me to let our employees parti­ci­pate in the success and growth of our company. Pyrum will be 15 years old this year and is now facing the next stage of deve­lo­p­ment. This success story would not have been possible without our dedi­cated colle­agues. To reco­g­nise their achie­ve­ments to date, moti­vate them for the future and streng­then employee loyalty, I have ther­e­fore decided to give our employees their own shares as a bonus. I look forward to the next few years toge­ther, in which we want to estab­lish ourselves as a leading provider in the field of tyre and polymer recycling.”

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.