Pyrum Innovations AG: Municipal council in Perl-Besch approves development plan for new Pyrum plant

  • 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/​e​n​/​i​n​v​e​s​t​o​r​s​/​f​i​n​a​n​c​i​a​l​-​p​u​b​l​i​c​a​t​i​o​ns/ . You can subscribe using the contact form at the follo­wing link: https://​www​.pyrum​.net/​e​n​/​i​n​v​e​s​t​o​r​s​/​i​r​-​c​o​n​t​a​ct/.

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.