28 Nov 2022 08:30 CET

Issuer

Pyrum Innovations AG

Press release
of Pyrum Innovations AG

Production cycle of bicycle tyres closed: Pyrum supplies recovered carbon black
to Schwalbe to produce new bicycle tyres

• Series delivery of recovered carbon black (rCB) by Pyrum to Schwalbe has
started
• Cycle of bicycle tyre production thus completely closed thanks to the
"Schwalbe Recycling System" already initiated
• Sustainably produced bicycle tyres to be launched on the market in June 2023

Dillingen / Saar, 28 November 2022 - Pyrum Innovations AG ("Pyrum"), a pioneer
in the sustainable recycling of end-of-life tyres (ELT) based on its patented,
unique pyrolysis technology, announces the first delivery of rCB to Ralf Bohle
GmbH with its Schwalbe brand. The rCB is obtained from used bicycle tyres that
Schwalbe collects from specialist dealers throughout Germany with its "Schwalbe
Recycling System". Subsequently, Pyrum with its pyrolysis plant in Dillingen
takes over the mechanical processing as well as the pyrolytic recycling of the
used tyres. Thus, Schwalbe is now starting production of the first bicycle tyre
to use rCB completely. The tyre is to be presented in June 2023 at the world's
largest bicycle trade fair Eurobike in Frankfurt and will then be available in
stores.

Pascal Klein, CEO of Pyrum Innovations AG: "One of our declared goals is to
achieve a circular economy concept for recycling used tyres in the medium to
long term. Together with our partner, Ralf Bohle GmbH with its Schwalbe brand,
we are now a big step closer to this goal in terms of bicycle tyres."

The rCB was delivered to Schwalbe as part of the commissioning of the pelletiser
plant at the main plant in Dillingen. The pelletiser increases the
transportability of the rCB and thus facilitates the further processing of the
raw material. As a result, the rCB delivery volume can be increased
significantly. In addition, the site's production lines 2 and 3 are expected to
start operations in the first half of 2023 and significantly increase the
processing capacity of ELT - including used bicycle tyres. The official
operating permit for the expansion has already been obtained.

Already in July 2022, Pyrum and Ralf Bohle GmbH had presented the "Schwalbe
Recycling System" for used bicycle tyres at this year's Eurobike trade fair. The
system enables the holistic recycling of used tyres of all brands. For this
purpose, Schwalbe has established a collection network so that used bicycle
tyres can be handed in at all participating specialist dealers, which Schwalbe
then collects and delivers to Pyrum.

Frank Bohle, Managing Director of Ralf Bohle GmbH: "The response to our Schwalbe
Recycling system is overwhelming. After having started with around 50
participating specialist dealers at the beginning of the year, there are now
already over 1,200 participants across Germany. Now we are starting production
of the first bicycle tyre that uses Pyrum's rCB. In the medium term, we are
pursuing the goal of producing all Schwalbe tyres from recovered carbon black
and want to continue to lead the way as pioneers with our innovative recycling
solutions."

For more information including an explanatory video and graphic on the technical
process of the "Schwalbe Recycling System", please visit
https://www.pyrum.net/en/solutions/bicycle-tyre-recycling/.


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

About Ralf Bohle GmbH
Ralf Bohle GmbH is Europe's market leader for bicycle tyres with its Schwalbe
brand. The family-owned company, founded in Bergneustadt in 1922, employs 193
people at Ralf Bohle GmbH in Reichshof and 61 employees in five subsidiaries in
Europe and North America. Since 1973, Schwalbe has manufactured its tyres in
cooperation with its Korean production partner Hung-A. In 1993, Hung-A relocated
production from Korea to Indonesia, and in 2015 started up a second Schwalbe
plant in Vietnam. Schwalbe and Hung-A are linked not only by a joint venture,
but by a friendship that has lasted almost 50 years and is unparalleled in the
industry.

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


576803_2022 11 28 - Pyrum CN Schwalbe rCB_EN.pdf

Source

Pyrum Innovations AG

Provider

Oslo Børs Newspoint

Company Name

PYRUM INNOVATIONS AG

ISIN

DE000A2G8ZX8

Symbol

PYRUM

Market

Euronext Growth