Press release

REMONDIS and Pyrum Innovations AG sign letter of intent and start planning a
joint recycling plant in Bremen
o	New plant with a capacity of 20,000 tonnes of end-of-life tyres per year,
based on Pyrum recycling technology, planned in the port of Bremen
o	Remondis and Pyrum have already started with first plant layouts 
o	Approval process to start in the coming weeks

Dillingen / Saar, 13 November 2023 -Pyrum Innovations AG ("Pyrum", the
"Company", ISIN: DE000A2G8ZX8), together with the recycling company REMONDIS,
announced the launch for the planning of a Pyrum plant to recycle end-of-life
tyres (ELT). For this purpose, a letter of intent was recently signed. The plant
is to be located on a Weserport site in Bremen, a subsidiary of REMONDIS' sister
company RHENUS. It will have a recycling capacity of 20,000 tonnes of ELT per
year from which the raw material, carbon black, will be recovered.

Pascal Klein, CEO of Pyrum: "We are incredibly proud that REMONDIS has chosen
our technology and is now taking the step together with us to build a plant
based on Pyrum technology. This is another important milestone to increase our
recycling capacities in order to be able to meet the high demand for our end
products. In addition, the new plant will help to sustainably transform the ELT
market and take a further step towards the circular economy. With REMONDIS, the
leading German recycling company has opted for our technology. The customer for
the pyrolysis oil produced at the new plant in Bremen will be the chemical group
BASF SE, which will use the oil in its production network to manufacture
mass-balanced products. Through this project, we are further expanding our
existing trusting cooperation."

Jürgen F. Ephan, managing director of REMONDIS Recycling GmbH & Co KG: "It is in
our company's DNA to want to create and develop material cycles. For this
reason, we are very pleased to have entered into a partnership with Pyrum in
which we are taking on a very challenging material flow which, until now, could
only be recycled thermally. Together, we are actively contributing to making our
society and economy a little more circular instead of linear. The recovered raw
material carbon black can be completely reused in the production of new tyres.
This is the ideal case of the circular economy."

It is planned that Pyrum will start preparing the approval documents required
for construction in the next few weeks, which should be submitted in the first
half of 2024. The investment volume for the new plant amounts to approximately
EUR 40 million. Pyrum can thus further expand the pipeline for the construction
of pyrolysis plants. In addition to the projected own plant in Saarland, there
are currently five plants in the concrete planning and approval phase in
cooperation with various partners.  


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/

About REMONDIS SE
REMONDIS is one of the world's leading private recycling, service and water
companies and provides services for around 30 million people. REMONDIS is
present in over 30 countries on three continents through its branches and shares
in companies. Founded in 1934, this family-run business employs more than 40,000
people and generates annual sales of EUR 12.6 billion (2022). REMONDIS makes a
significant contribution to protecting the environment and conserving resources
across its many business divisions. From recovering valuable raw materials from
industrial and household waste to producing high quality recycled raw materials
and converting non-recyclable residual materials into fuels. Last but not least,
the company is also making an increasing contribution to the energy transition
by using biomass as an energy source. REMONDIS sees itself as a global partner
and consultant for industrial, retail and local authorities to find regional and
individual solutions.
https://www.remondis.de/en/home/ 

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