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

16 Feb 2023 08:00 CET

Press release
of Pyrum Innovations AG

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.”

Like the Pyrum main plant in Dillingen, the new plant in Homburg will consist of
three pyrolysis reactors, which will have a processing capacity of around 20,000
tonnes of ELT per year once completed. The location offers numerous valuable
advantages: In addition to the proximity to the Michelin plant in Homburg - from
which Pyrum has already been recycling ELT for three years and with which the
cooperation can now be expanded - and to BASF in Ludwigshafen - a strategic
partner since autumn 2020 and a buyer of Pyrum's pyrolysis oil - the site has a
railway siding that enables environmentally friendly logistics. In addition, the
new plant will free up capacities at the Dillingen plant that can be used for
tyre acceptance from Luxembourg without having to build a separate plant in the
neighbouring country.


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
Diesel Road 8
66763 Dillingen / Saar
Email: presse@pyrum.net

District and University City of Homburg
Michael Klein
Head of Communications and Public Relations
Am Forum 5
66424 Homburg
Tel.: +49 68 41 101-222
Mobile: +49 172 6828 049
Email: Michael.Klein@homburg.de
www.homburg.de

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