Pyrum applies for secondary listing in the Scale segment of Deutsche Börse
According to the latest press release, Pyrum Innovations AG (Pyrum) – a pioneer in the sustainable recycling of end-of-life tires (ELT) based on its pyrolysis technology – filed an application for a secondary listing in the Scale segment with Deutsche Börse AG in Frankfurt.
The company expects the shares to be included in trading in Frankfurt on 30 March 2022. The initial listing of Pyrum's shares took place on 30 September 2021 on the Euronext Growth Market, the growth segment for small and medium-sized companies of the Oslo Stock Exchange.
As a legally registered SME growth market, the Scale segment offers Pyrum, as a Saarland-based company, efficient access to national and international investors and is thus a good alternative to the EU-regulated General Standard and Prime Standard segments.
Edison Investment Research Limited's equity research associated with the listing will be available in the investor section of the Company's website no later than the commencement of the secondary listing.
About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for end-of-life-tires with its patented pyrolysis technology. Pyrum's pyrolysis process is reported to be completely energy self-sufficient, saves up to 98% of the CO2 emissions normally generated during the combustion of end-of-life tires in a cement plant 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 tire recycling sector to receive REACH registration from the European Chemicals Agency (ECHA) for the pyrolysis oil it produces. This means that the oil is recognized as an official raw material and can be used as a raw material in production processes. In addition, Pyrum is continuously researching both new input materials as well as new raw materials to be produced, for example with the ongoing tests for the extraction of hydrogen from the gas obtained by means of the patented technology. These achievements have also been recognized by international experts in the tire 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.