15 Dec 2022 08:30 CET

Issuer

Pyrum Innovations AG

Press release
of Pyrum Innovations AG

Pyrum launches pilot project with BMW Group to recycle tyres in Saarland,
Germany

Dillingen / Saar, 15 December 2022 - Pyrum Innovations AG ("Pyrum"), a pioneer
in the sustainable recycling of end-of-life tyres (ELT) based on its patented
pyrolysis technology, has further expanded its cooperation network. In a pilot
project with the BMW Group, Pyrum has recently began recycling the used tyres of
the BMW Group branch in Saarland. The pilot project was preceded by an audit in
which topics such as occupational safety and fire protection, permits and
environmental requirements were examined.

Pascal Klein, CEO of Pyrum Innovations AG: "We are delighted to welcome the BMW
Group as a renowned partner in our cooperation network. Our unique pyrolysis
technology is the leading process in the recycling of used tyres."

Thomas Grupp, Head of Customer Support Market Germany at BMW Group: "The
responsible use of resources plays a central role for the BMW Group. Our goal is
to reduce resource consumption by using high-quality secondary materials. In
addition, we promote reuse and recycling at the end of the product life cycle
according to the principles of the circular economy."

The BMW Group is involved in various pilot projects to validate new processes
and methods. For the BMW Group, returning used tyres to a high-quality
reprocessing process is a further step towards even more responsible use of
resources.

Pyrum, in turn, will be able to constantly expand its supply of end-of-life
tyres (ELT) through the pilot project, especially in view of the already
approved commissioning of further production lines at the main plant in
Dillingen/Saar. The cooperation with BMW expands existing and successfully
running partnerships of Pyrum, among others with BASF, Continental and the
bicycle tyre manufacturer Ralf Bohle (Schwalbe).


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
Email: pyrum@ir-on.com

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
Email: presse@pyrum.net
https://www.pyrum.net/en/


578237_2022 12 15 - Pyrum CN Cooperation BMW_EN.pdf

Source

Pyrum Innovations AG

Provider

Oslo Børs Newspoint

Company Name

PYRUM INNOVATIONS AG

ISIN

DE000A2G8ZX8

Symbol

PYRUM

Market

Euronext Growth