- Construction of the new Pyrum-owned plant in Perl-Besch (Saarland) to begin in the second half of 2024, first plant components already ordered
- New investor newsletter launched, which will provide quarterly updates on current company developments in future
Dillingen /Saar, 8. February 2024 – The municipal council of Perl-Besch on the Mosel in Saarland has approved the development plan for the site of the new plant of Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) by a large majority. This means that the company, a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, has created the necessary prerequisites and can immediately start detailed planning. As a further step towards expanding its own production capacities, Pyrum plans to build a new pyrolysis plant in Perl-Besch by the end of 2025, modelled on the facility at the main plant in Dillingen/Saar with a capacity of 20,000 tonnes of ELT per year. The wholly owned subsidiary “Pyrum GreenFactory II GmbH” was founded at the beginning of January to operate the second Pyrum plant in Saarland.
Pascal Klein, CEO of Pyrum Innovations AG: “We continue to push the pace. Only around eight weeks have passed between the initial approval of the local and municipal councils for the establishment of Pyrum in December 2023 and the current adoption of the final development plan. After demonstrating with the expansion of our main plant in Dillingen that our technology works and is scalable, we now want to roll out our pyrolysis process on a large scale in order to sustainably solve the recycling problem with used tyres. To this end, we have already ordered the first plant components with notoriously long delivery times and construction is scheduled to begin in the second half of 2024.”
New investor newsletter launched
To provide its shareholders with even more comprehensive information on current developments, Pyrum has also sent out its first investor newsletter today. The newsletter will be published quarterly in future and will also answer the most important questions that the company regularly receives from investors. The first investor newsletter and all future newsletters are available on the company’s website at https://www.pyrum.net/en/investors/financial-publications/ . You can subscribe using the contact form at the following link: https://www.pyrum.net/en/investors/ir-contact/.