EQS-News

​​​​​​​Pyrum Innovations AG: Homburg City Council votes unanimously for new Pyrum plant

EQS-News: Pyrum Innovations AG / Key word(s): Miscellaneous ​​​​​​​Pyrum Innovations AG: Homburg City Council votes unanimously for new Pyrum plant 16.02.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Pyrum Innovations AG: Homburg City Council votes unanimously for new Pyrum plant

• City council unanimously approves sale of city-owned property to Pyrum
• In Homburg, Pyrum is planning its second own plant in the Saarland after the main plant in Dillingen.
• Plant will consist of three pyrolysis reactors with a total capacity of about 20,000 tonnes of end-of-life tyres per year

Dillingen / Saar and Homburg, 16 February 2023 - Pyrum Innovations AG ("Pyrum", the "company", ISIN: DE000A2G8ZX8), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, announces that the Homburg City Council has unanimously voted in favour of the sale of a city-owned property to Pyrum and thus for the construction of a new pyrolysis plant. The contract to secure the land is to be signed soon so that the planning and approval process for Pyrum's second own plant in Saarland can begin as soon as possible.

Pascal Klein, CEO of Pyrum Innovations AG: “There are just two months between our first contact with Mayor Michael Forster in December 2022, which was initiated by the Saarland Economic Promotion Corporation, the presentation to the parliamentary party leaders in January and the unanimous approval of the city council across all parties. This speed is unique and we would like to thank the City of Homburg for its great support. We now want to start planning as soon as possible and are confident that the approval process will be as smooth as the expansion in Dillingen, as we are working with the same authorities.”

Michael Forster, Mayor of the City of Homburg, is also enthusiastic: “The settlement of Pyrum is also a great gain for the City of Homburg and a logical addition to our business location. With Pyrum's promising technology, we are building a bridge to a circular economy that ideally enriches our tradition-steeped automotive location with end-of-life tyre recycling. In addition, experience with the plant in Dillingen shows that the citizens of Homburg do not have to expect any noise or harmful pollution.”