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Pyrum Innovations AG (Pyrum) today published its consolidated financial report for the period from 1 January to 30 June 2024. The half-year results and the financial position of the company continued to be largely characterised by investments at the company headquarters in Dillingen/Saar and for orders for plant components with long delivery times for the new site in Perl-Besch, as well as investments in personnel expansion and the further development of the organisational structure. In addition, throughput volumes at the rCB pelletising plant were still below target.

BASF Coatings has launched its first ChemCycling® products in the automotive refinish market, becoming the first repair coating supplier to benefit from BASF's advanced ChemCycling technology under the biomass balance approach. The new clear coats, made from recycled raw materials, are part of the Glasurit® Eco Balance and R-M® eSense product lines.

New Energy, a Hungarian company specializing in pyrolysis recycling and technology development, announces its recent certification by the International Sustainability and Carbon Certification (ISCC) scheme. This milestone, reached in June 2024, underscores New Energy's dedication to sustainability and innovation.

Pyrum Innovations AG (Pyrum) today published its consolidated interim report for the period from 1 January to 31 March 2024. Revenue in the first three months totalled € 336 thousand and was therefore around € 54 1TP3 thousand higher than in the same period of the previous year (3M 2023: € 218 thousand). Own work capitalised amounted to € 1,615 thousand (3M 2023: € 2,958 thousand) as construction of the plant expansion in Dillingen progressed according to plan. The decrease corresponds to the lower cost of materials required to produce own work capitalised as the degree of completion of the plant expansion increases. Due to the lower level of own work capitalised in the reporting period compared to the same period of the previous year, total operating performance fell by around € 1TP3k to € 2,177k (3M 2023: € 3,188k). At € 148 thousand, other operating income was around € 85 thousand higher than in the same period of the previous year (3M 2023: € 80 thousand). The consolidated net loss for the period totalled € ‑2,684 thousand (3M 2023: € ‑2,237 thousand). The available liquidity as at 31 March 2024 was € 7,065 thousand (31 December 2023: € 4,275 thousand).

Pyrum Innovations AG (Pyrum) has received RCS sustainability certification for its pyrolysis oil, setting another milestone in the company’s commitment to sustainable textile production. This makes Pyrum one of the first companies to have its oil certified according to this standard. The certification ensures that the oil meets all the necessary sustainability criteria required by Pyrum’s customer BASF for the production of its product "Ultramid® Ccyled®", a polyamide for textile applications. Pyrum’s certified pyrolysis oil is fed into the production process by BASF and allocated to Ultramid® Ccycled® using the mass balance approach. The mass balance process and RCS certification also ensure transparent traceability in the supply chain.

According to the recent Pyrum's press release, the company has reached a new milestone with reactor 2 (TAD 2) of the new plant at its main site in Dillingen/Saar. In the course of the third commissioning run of TAD 2, the first truck with a delivery volume of around 24,000 litres of pyrolysis oil will be sent to BASF this morning. Following the last test run, the pyrolysis oil was carefully tested to ensure that it met all the required specifications. The sampling of the oil was successful, so delivery to BASF can proceed as planned and there are no more obstacles to future deliveries. Around 60,000 litres of oil have already been produced at the new plant and further deliveries are expected in the near future.

Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, reports initial successes in the commissioning of the new reactor 2 (TAD 2) at its main plant in Dillingen/Saar. Since the start of the second test run on Tuesday, 30 January 2024, the throughput of the new reactor has already been gradually increased to 75% of the expected output for future series production within a week. This means that industrial quantities of ELT can already be processed in TAD 2 and Pyrum’s technology has provided proof of concept for the planned large-scale rollout. More than 30,000 litres of oil have already been produced and are now being sampled in the laboratory before being delivered to BASF within the next two weeks as planned.

Pyrum Innovations AG – a pioneering company that sustainably recycles used tires with its globally patented, unique pyrolysis technology – continues to consistently pursue its growth course. At the beginning of January, a wholly owned subsidiary “Pyrum GreenFactory II GmbH” was founded to operate the second Pyrum plant in Saarland.

JANUARY 2023: ELT Pyrolysis - a Best Available Technology (BAT). This comprehensive overview discusses the concept of Best Available Technology (BAT) in waste management, focusing on End-of-Life Tires (ELT) pyrolysis. It covers the international context, including the Basel Convention guidelines for ELT management. It emphasizes the classification of ELT pyrolysis as environmentally sound management, referencing European Union regulations and the U.S. Environmental Protection Agency's recognition. The Tire Industry Project (TIP)