EQS-News

Pyrum Innovations AG has received Recycled Claim Standard (RCS) certification for its pyrolysis oil

EQS-News: Pyrum Innovations AG / Key word(s): Miscellaneous Pyrum Innovations AG has received Recycled Claim Standard (RCS) certification for its pyrolysis oil 22.04.2024 / 14:15 CET/CEST The issuer is solely responsible for the content of this announcement. Pyrum Innovations AG has received Recycled Claim Standard (RCS) certification for its pyrolysis oil

• Pyrum has received RCS certification for its pyrolysis oil, opening new possibilities for sustainable textile production
• BASF takes RCS certified pyrolysis oil as a customer as part of the existing cooperation, feeding it into production and producing Ultramid Ccycled using the mass balance approach
• Progress has been made in the expansion of lines 2 & 3 at the main plant in Dillingen/Saar

Dillingen /Saar, 22. April 2024 – Pyrum Innovations AG ("Pyrum", the "Company", ISIN: DE000A2G8ZX8) has received RCS sustainability certification for its pyrolysis oil, setting another milestone in the company’s commitment to sustainable textile production. This makes Pyrum one of the first companies to have its oil certified according to this standard. The certification ensures that the oil meets all the necessary sustainability criteria required by Pyrum’s customer BASF for the production of its product "Ultramid Ccyled", a polyamide for textile applications. Pyrum’s certified pyrolysis oil is fed into the production process by BASF and allocated to Ultramid Ccycled using the mass balance approach. The mass balance process and RCS certification also ensure transparent traceability in the supply chain.

Frank Reil, Head of Marketing & New Business Development Polyamides Europe at BASF: "In the interest of a sustainable supply chain, we are very pleased that Pyrum as our supplier is now also RCS certified."

Pascal Klein, CEO of Pyrum Innovations AG: "We are proud to support our partners in achieving their sustainability goals. With the RCS certification we have reached another milestone for the use of our oil in the textile industry. The certification shows once again that the quality of our oil is in no way inferior to fossil raw materials. We will continue our work with our partners on new solutions for a sustainable circular economy."