Pyrum and Continental conclude contract for the supply of recovered carbon black

30 Mar 2023 10:15 CEST

Press release
of Pyrum Innovations AG

Pyrum and Continental conclude contract for the supply of recovered carbon black

• As part of the 2022 development agreement, Pyrum and Continental agree on the
supply of recovered carbon black
• Increase in delivery volume planned in parallel with ongoing expansion of
production capacities
• Together with pyrolysis oil, there are now long-term supply contracts for all
of Pyrum's core products

Dillingen / Saar, 30 April 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, has signed a contract with
premium tyre manufacturer Continental for the supply of recovered carbon black
(rCB).

With the conclusion of the contract, there are now long-term serial supply
contracts for all of Pyrum's core products, in addition to the contract for the
supply of pyrolysis oil to BASF SE.

Pascal Klein, CEO of Pyrum Innovations AG: “The long-term supply contract is a
huge step for our company. We have now concluded serial supply contracts for all
core products. As with our pyrolysis oil, the demand for our rCB is much greater
than we can currently meet. Therefore, we will expand our production capacities
in the next few years and expect to triple our capacities already this year with
the commissioning of production lines II and III at our site in Dillingen.
Potential partners and interested parties now have the certainty that both end
products - oil and rCB - have a market that will buy the products. This is the
final component to start rolling out the plants in large-scale production.”

The contract with Continental follows the joint development agreement that has
already been in place for a year, the aim of which is, among other things, to
further optimise and expand the recycling of used tyres through pyrolysis. Since
then, Pyrum has proven in various audits to meet basic automotive industry
standards and, for example, recently received ISO 14001 certification for its
environmental management system. In addition, Continental has already held a
strategic minority stake in Pyrum since its IPO in 2021. In the long term, Pyrum
and Continental are aiming for a circular economy concept for the recycling of
end-of-life tyres in order to reduce the use of fossil raw materials as well as
CO2 emissions in the production and recycling of tyres.



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. In addition, Pyrum has received ISO 14001
certification for its environmental management system and ISO 9001 certification
for its quality management system. 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

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