03 Apr 2023 08:00 CEST

Issuer

Pyrum Innovations AG

Press release
of Pyrum Innovations AG

From end-of-life tyre to door handle: Pyrum to recycle used tyres from
Mercedes-Benz vehicles in future

Pyrolysis oil from end-of-life tyres as a basis for the production of
technically demanding and safety-relevant Mercedes-Benz vehicle components

Dillingen / Saar, 3 April 2023 - Pyrum Innovations AG ("Pyrum", the "Company",
ISIN: DE000A2G8ZX8), a pioneer in the sustainable recycling of end-of-life tyres
(ELTs) based on its patented pyrolysis technology, is taking the next step in
its cooperation with Mercedes-Benz AG. In future, the company will recycle
several hundred tonnes of used tyres from the Mercedes-Benz Used Parts Centre
every year. The company produces pyrolysis oil from the ELTs using its own
innovative process. The pyrolysis oil produced is then supplied to the
cooperation partner BASF SE, which uses the oil as a raw material in combination
with biomethane in the production of virgin plastics for the manufacture of
Mercedes-Benz vehicle components.

Pascal Klein, CEO of Pyrum Innovations AG: “We are very pleased to take the next
step in our cooperation with Mercedes-Benz. Through the chemical recycling of
end-of-life tyres from Mercedes-Benz vehicles, we can jointly reduce the use of
fossil resources and ultimately close material cycles.”

The used tyres are delivered from the Mercedes-Benz Used Parts Centre and
disposed of at Pyrum's main plant in Dillingen. Pyrum has already been supplying
pyrolysis oil to BASF since last year. BASF then feeds this into its Verbund
together with biomethane from agricultural waste at the start of production and
uses it to produce a virgin plastic that is certified according to the so-called
"mass balance process". Since last year, the first series-production models such
as the EQE and the Mercedes-Benz S-Class have been equipped with door handles.
Furthermore, the Mercedes-Benz S-Class will receive a crash absorber made from
the recycled plastic material. Additional possible applications of the
innovative recycled material are being explored.


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
Phone: +49 221 9140 970
Email: pyrum@ir-on.com

Pyrum Innovations AG
Dieselstr. 8
66763 Dillingen / Saar
Email: presse@pyrum.net


586980_2023 04 03 Pyrum CN - Next step cooperation Mercedes_EN.pdf

Source

Pyrum Innovations AG

Provider

Oslo Børs Newspoint

Company Name

PYRUM INNOVATIONS AG

ISIN

DE000A2G8ZX8

Symbol

PYRUM

Market

Euronext Growth