Press Release
of Pyrum Innovations AG

Pyrum Innovations AG concludes framework agreement with Continental for
long-term acceptance of its recovered Carbon Black

Dillingen / Saar, 30 July 2024 - Pyrum Innovations AG ("Pyrum", the "Company",
ISIN: DE000A2G8ZX8) and Continental today signed a framework agreement for the
long-term purchase of Pyrum's recovered Carbon Black (rCB). The agreement covers
the rCB purchase quantities for at least two Pyrum plants, with a term of ten
years. Continental will also supply Pyrum with end-of-life tyres. In addition,
Continental has agreed to make an advance payment for future rCB deliveries.

Pascal Klein, CEO of Pyrum Innovations AG: "The expansion of our collaboration
with Continental is a very important step for us. To enable Continental to use
our rCB in the series production of car tyres in the future, we are continuously
working on its further development as part of a development partnership.
Together, we have already succeeded in ensuring that all newly produced forklift
tyres at the Continental tyre plant in Korbach, Hesse, contain our rCB."

Jorge Almeida, Head of Sustainability Continental Tires: "Recycled raw materials
are becoming increasingly important in our tire production. To further increase
the circularity of our products, we need to think differently. We need to move
from an "end-of-life" to an "end-of-use" tire concept. This means that the end
of a tire's intended use phase must become the beginning of a new opportunity.
Together with Pyrum, we are developing highly efficient processes to recycle as
many components and materials as possible from an end-of-use tire back into our
production cycle."

The new Pyrum plant is to be built in Perl-Besch on the Moselle by the end of
2025 and will double Pyrum's recycling capacity from 20,000 tonnes to 40,000
tonnes of end-of-life tyres. The final application documents for the early start
of construction are currently being prepared and are expected to be finalised
and submitted by the beginning of August 2024. Once the application documents
have been approved, the ground-breaking ceremony will take place at the new site
in Perl-Besch. Construction is currently scheduled to start at the beginning of
October 2024.


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 thermolysis technology.
Pyrum's thermolysis 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
thermolysis 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 thermolysis 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 thermolysis 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	 
E-mail: pyrum@ir-on.com  

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar	
E-mail: presse@pyrum.net