Press release
of Pyrum Innovations AG

Pyrum Innovations AG continues international expansion - Construction of fifth
Pyrum pyrolysis plant planned in Czech Republic 
o	Engineering and consulting contract signed with local partner
o	New plant in the Czech Republic to have a capacity of 20,000 tonnes of
end-of-life tyres per year
o	New Pyrum plant to be integrated into partner's existing plant 

Dillingen / Saar, 10 October 2023 - Pyrum Innovations AG ("Pyrum", the
"Company", ISIN: DE000A2G8ZX8) plans to build a Pyrum pyrolysis plant in the
Czech Republic together with a Czech energy group. A consulting contract has
been signed with a subsidiary of the group to prepare the permit for the
construction of the tyre recycling plant and to submit the building application.
The new plant with a capacity of 20,000 tonnes of end-of-life tyres (ELT) per
year is being built in the Czech border region with Germany and is scheduled to
start operations in 2025. The Czech partner, which is active in the field of
energy and environmental services, already operates a power plant on the site
and therefore has a gas turbine that will also generate electricity from the
pyrolysis gas in the future. This means that synergies and the existing
structures can be benefited from in the planning and implementation of the new
plant. 

Pascal Klein, CEO of Pyrum Innovations AG: "We are looking forward to this
groundbreaking project. Using the existing infrastructure to operate the new
tyre recycling plant is an approach that fits perfectly with Pyrum's commitment
to sustainability. The plans also underline the ongoing internationalisation of
our company. Together with our partner, we will contribute to the circular
economy and provide a sustainable solution for ELT recycling in the Czech
Republic."

For the construction and operation of the new plant, a joint venture (special
purpose vehicle, SPV) is to be established, in which Pyrum is expected to hold a
30% stake. As part of the consulting contract, Pyrum will carry out the basic
engineering and prepare parts of the approval documents for the new plant. The
site also offers sufficient space for future capacity expansions. Therefore, the
size of the plant is already being designed today to allow for a doubling of
recycling capacities in 2027. In addition to Pyrum's main plant in
Dillingen/Saar, the joint venture REVALIT GmbH and the already announced plans
for the construction of pyrolysis plants together with SUEZ recycling and
recovery UK Ltd in Great Britain and Thermo Lysi SA in Greece, the plans in the
Czech Republic now represent the fifth concrete project in total for the
construction of a pyrolysis plant.
 


About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for
end-of-life tyres 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 nominated for the "Grand Prix Mittelstand" ("Großer Preis
des Mittelstandes") from the German state of Saarland.
https://www.pyrum.net/

Contact
IR.on AG 
Frederic Hilke 
Phone: +49 221 9140 970	
Email: pyrum@ir-on.com  

Pyrum Innovations AG
Dieselstr. 8
66763 Dillingen / Saar	
Email: presse@pyrum.net