Press release
of Pyrum Innovations AG

Pyrum Innovations AG and Thermo Lysi SA are planning to build recycling plant in
Greece
o	 New plant design contract has been signed 

Dillingen / Saar, 14 September 2023 - Pyrum Innovations AG ("Pyrum", the
"company", ISIN: DE000A2G8ZX8) has already started preliminary discussions with
Thermo Lysi SA to develop a new plant for the recycling of end-of-life tyres
(ELT) in Greece. Pyrum has agreed to perform all the necessary planning that
will be used for building permits, as required by the Greek Law, for the new
plant, approximately 140 km north of Athens. The plant will have a capacity of
20,000 tons of ELT per year and will be able to cover almost half of the total
quantity of ELT in Greece - the country currently produces about 45,000 tons of
ELT per year. The new plant will help to recycle these tyres sustainably and
recover valuable resources.

Pascal Klein, CEO of Pyrum Innovations AG: "We are looking forward to realising
this groundbreaking project in Greece together with Thermo Lysi SA. The
assignment of the design and all the necessary work for the issuance of the
building permit underlines the trust and commitment Thermo Lysi SA has shown us.
Together we will explore the possibility of building a state-of-the-art
recycling plant to address the challenges of end-of-life tyre disposal in Greece
and make an important contribution to the circular economy."

Under the terms of this investigation, Pyrum is willing to carry out the basic
engineering and to prepare parts of the documentation required for the permits
of the new plant. An existing tyre recycling unit with a shredder is already
located at a nearby site of the planned plant. This means that synergies can be
used in the design and future implementation of the new plant. The land on which
the new plant will be built provides sufficient space for future capacity
expansion.

The agreement with Thermo Lysi SA further strengthens the extensive and
promising pipeline for the construction of pyrolysis plants based on the Pyrum
technology in Europe. The said venture, is the first outside Germany. The
company has recently signed several letters of intent with various companies for
joint projects. In addition, Pyrum has already started preparing the approval
documents for another of its own plants in Homburg, Germany, where construction
is scheduled to start at the end of this year. Again, based on ongoing financing
discussions, Pyrum expects that full financing will be in place by the time the
permit applications are submitted.


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