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

Press Release
of Pyrum Innovations AG

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

o	Construction of the new Pyrum-owned plant in Perl-Besch (Saarland) to begin in
the second half of 2024, first plant components already ordered
o	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-news/. You can
subscribe using the contact form at the following link:
https://www.pyrum.net/en/investors/ir-contact/.
 
About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for
end-of-life tyres and various plastics with its patented pyrolysis technology.
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 end-of-life tyres - especially compared to
incineration in cement plants - and produces new raw materials such as pyrolysis
oil, gas and recovered carbon black from the waste used as input materials. In
this way, Pyrum closes the recyclable material loop and pursues a completely
sustainable business model. As a pioneer, Pyrum Innovations AG was the first
company in the end-of-life tyre recycling sector to receive REACH registration
from the European Chemicals Agency (ECHA) for the pyrolysis oil it produces.
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 recovered carbon black. Both
products are thus considered sustainable and renewable raw materials. In
addition, Pyrum has received ISO 14001 certification for its environmental
management system and ISO 9001 certification for its quality management system.
These achievements have also been recognised by international experts in the
tyre industry. For example, Pyrum won the Best Tyre Recycling Innovation
category at the inaugural Recircle Awards and has been a finalist in the Grand
Prix of German SMEs (Großer Preis des Mittelstandes) three times in a row.
www.pyrum.net/en/

Contact
IR.on AG 
Frederic Hilke 
Phone: [phone]	
Email: [e-mail]  

Pyrum Innovations AG
Dieselstr. 8
66763 Dillingen / Saar	
Email: [e-mail]

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange