Press Release
of Pyrum Innovations AG

Pyrum Innovations AG and GreenTech Recycling Tires AB plan to build a recycling
plant in Sweden


o	Contract signed for the planning of a new plant with a capacity of 20,000
tonnes of end-of-life tires per year
o	Foundation laid for market entry in Scandinavia
o	Production start of the plant planned for 2027


Dillingen/ Saar, 8 March 2024 - Pyrum Innovations AG ("Pyrum", the "Company",
ISIN: DE000A2G8ZX8) has laid the foundation for its market entry in Scandinavia.
Last week, a consulting agreement was signed between GreenTech Recycling Tires
AB and Pyrum Innovations AG for the construction of a joint pyrolysis plant in
Sweden. It is planned that Pyrum will participate in the SPV with up to EUR 3
million, provided that GreenTech's financing has been fully secured. The company
is currently conducting talks in this regard. At the same time, GreenTech
Recycling Tires AB has already reserved a suitable site in Billingsfors, Sweden,
held talks with tire suppliers and, with Pyrum's support, will soon begin
compiling the necessary approval documents. The official start of the project in
the form of the commencement of work on the basic engineering is scheduled for
the beginning of July this year. Both partners are aiming to build a plant with
a recycling capacity of 20,000 tonnes of end-of-life tires per year. Production
is scheduled to start in 2027.

Pascal Klein, CEO of Pyrum Innovations AG: "We are very pleased about the
cooperation with GreenTech as well as the trust placed in our Pyrum technology.
With the construction of the joint plant in Sweden, we are taking the first
major step towards opening up the Scandinavian market. We are looking forward to
the new project with confidence and are now starting the further planning full
of vigour."

"For us at GreenTech Recycling Tires AB, the agreement with Pyrum Innovation AG
is our stepping stone in recycling end-of-life tires from cars and trucks, fully
reusing them to make new tires, plastics and steel products instead of
incineration", says Per-Olov Lindgren Chairman of the Board of GreenTech
Recycling Tires AB. "This is the last piece in the value chain for us, since we
already today have both the supply of tires and offset of the produced products
when our plant is in place", continues Mr Lindgren.

GreenTech Recycling Tires AB's business model is to obtain valuable products
through the recycling of end-of-life tires. The consulting agreement that has
now been concluded is Pyrum's third concrete contractual agreement for the
construction of a recycling plant in addition to the project with Thermo Lysi SA
in Greece and the planned plant in the Czech Republic. 


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: +49 221 9140 970	
Email: pyrum@ir-on.com  

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