Pyrum Innovations AG: CEO Pascal Klein is among the "Top 40 under 40”

18 Nov 2022 09:30 CET

Press release
of Pyrum Innovations AG

Pyrum Innovations AG: CEO Pascal Klein is among the "Top 40 under 40”

Dillingen / Saar, 18 November 2022 - Pascal Klein, co-founder and CEO of Pyrum
Innovations AG, has been named a winner of the "Top 40 under 40" award by the
business magazine Capital. Once a year, the Capital editorial team selects 40 of
the most important talents under 40 from the fields of business, science,
politics and society. In the selection process, the editors interview
politicians, top officials, managers, entrepreneurs, consultants and past award
winners. This year the award winners were again honoured at the Top 40 Under 40
Gala in Berlin, which took place on 17 November 2022 for the 15th time since
2007. Over the years, the annual events have established a network that brings
together top performers from various disciplines who exchange ideas on important
topics for the future.

Pascal Klein, CEO of Pyrum Innovations AG: "I was really surprised when I heard
about the award and of course I feel very honoured. Our journey at Pyrum is far
from over and we want to continue to contribute towards establishing a circular
economy in Germany and beyond. At this point, I would also like to thank all my
colleagues who have made the great development of the last few years at Pyrum
possible!"

Pascal Klein founded Pyrum in 2008 together with his fellow board member Michael
Kapf. Since the legal form was changed to a public limited company
(Aktiengesellschaft) in 2018, he has chaired the company's board of directors as
CEO and has played a key role in successfully developing Pyrum's technology so
that the pyrolysis process now works on an industrial scale. This laid the
foundation for Pyrum's large-scale rollout, which has been implemented step by
step over the past two years. To finance the expansion, Mr Klein, together with
his fellow board members, was responsible for the successful IPO on the Oslo
Stock Exchange in September 2021 and the secondary listing on the Frankfurt
Stock Exchange in March 2022.

Mr Klein will also be a guest at the German Equity Forum (Deutsches
Eigenkapitalforum) in Frankfurt on 30 November 2022 and will present Pyrum
Innovations AG to investors at 9:30 am.

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.
https://www.pyrum.net/en

Contact
IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E-mail: pyrum@ir-on.com

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

More information:
Access the news on Oslo Bors NewsWeb site

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