EQS-News

Pyrum Innovations AG publishes results for the first nine months of 2022 - Seite 2

Pascal Klein, CEO of Pyrum Innovations AG: "We were able to take further important steps as part of our ambitious rollout plans and we are working with our partners to establish a sustainable circular economy for end-of-life tyres. Regarding the expansion of our main plant in Dillingen, we received the official operating permit at an early stage and will thus be able to serve the already high demand for our products even better in the future."

Pyrum Innovations AG's Consolidated Interim Report for the first nine months of 2022 is available on the company's website at https://www.pyrum.net/en/investors/financial-publications/.

 

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 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. 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.