Press Release
of Pyrum Innovations AG

Pyrum Innovations AG reaches next milestone: First oil delivery from the new
plant on its way to BASF

o	Positive sampling - pyrolysis oil from the new plant fulfils all required
specifications 
o	First oil delivery from new reactor 2 in Dillingen is delivered to BASF
o	Next commissioning run with focus on in-house power generation from pyrolysis
gas planned within the next two weeks


Dillingen / Saar, 21 February 2024 - Pyrum Innovations AG ("Pyrum", the
"Company", ISIN: DE000A2G8ZX8), a pioneer in the sustainable recycling of
end-of-life tyres (ELT) based on its patented pyrolysis technology, has reached
a new milestone with reactor 2 (TAD 2) of the new plant at its main site in
Dillingen/Saar. In the course of the third commissioning run of TAD 2, the first
truck with a delivery volume of around 24,000 litres of pyrolysis oil will be
sent to BASF this morning. Following the last test run, the pyrolysis oil was
carefully tested to ensure that it met all the required specifications. The
sampling of the oil was successful, so delivery to BASF can proceed as planned
and there are no more obstacles to future deliveries. Around 60,000 litres of
oil have already been produced at the new plant and further deliveries are
expected in the near future.

Pascal Klein, CEO of Pyrum Innovations AG: "The result speaks for itself. After
three weeks of continuous production, we have reached a new milestone with the
first delivery of our pyrolysis oil from TAD 2 to BASF. We are very proud to
have achieved this ahead of schedule, which is largely due to the dedication of
our team. We are now in a successful phase of our roll-out plan and are now
preparing for our new intermediate goals - the in-house generation of
electricity from TAD 2 and the first test run of TAD 3."

Reactor 2 is now in the thermal cleaning phase before being completely shut down
for further testing. The next operational run is planned within the next two
weeks as part of the start of self-generation of electricity from the pyrolysis
gas in the turbines.

The lessons learned from the TAD 2 test runs are now being applied to the third
reactor in Dillingen. Preparations for the first test run should be completed by
the end of March, with the aim of rapidly ramping up this reactor to 80% of its
nominal capacity. The new plant will triple the previous production capacity.


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.
https://www.pyrum.net/en/

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