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Pyrum Innovations AG (Pyrum), a pioneering company that recycles old tires sustainably with its globally patented, unique pyrolysis technology, reports that the company has been nominated for the “Rising Star” award. This is presented as part of the European Small and Mid-Cap Awards and goes back to a joint initiative of the Association of European Stock Exchanges (FESE), the EU Commission and EuropeanIssuers. Pyrum is the only German company among the nominees in this category this year. With the award ceremony, FESE recognizes the resilience and innovative strength of small and medium-sized enterprises throughout the European Union and their contribution to economic growth.

On the 20th of September 2022, Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, and UNITANK Betriebs- und Verwaltungs GmbH (UNITANK), an operator of tank terminals, intend to jointly build and operate pyrolysis plants as part of a joint venture. The two companies agreed on this matter in a Memorandum of Understanding (MoU). According to the MoU, a total of up to ten pyrolysis plants for recycling ELT is to be built in the EU by 2030. The first plant is to be constructed in Germany. Pyrum and UNITANK want to make a final decision on the exact location by the end of the current year. The final investment decision is to be made in 2023, with commercial operation of the first plant starting 24 months later, i.e. probably towards the end of 2025.

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.

Pyrum Innovations AG has been operating all three production lines at its headquarters in Dillingen/Saar in parallel for the first time since last weekend. The three reactors will initially be operated together for one week before TAD 1 enters the next maintenance phase as planned.

Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tires (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 tires 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 tires from Mercedes-Benz vehicles, we can jointly reduce the use of fossil resources and ultimately close material cycles.”

Pyrum Innovations AG (Pyrum) has started commissioning the thermolysis recycling plants 2&3 in Dillingen. The recent commencement of the compressed air supply marks the beginning of the gradual commissioning phase. Over the next few weeks, the remaining components of the entire system will be gradually put into operation. Following a successful cold start-up, the reactors will undergo a test run to produce products.

Pyrum Innovations AG and Ralf Bohle GmbH (Schwalbe brand) have presented a new recycling system for used bicycle tires at the start of the world's largest bicycle trade fair Eurobike in Frankfurt. The "Schwalbe Recycling System", which was developed in close cooperation with the TH Köln (University of Applied Sciences), enables the integrated recycling of used tires of all brands.

Pyrum Innovations AG has completed its first MaxCap test, running at full capacity at its new plant in Dillingen/Saar. Between September 27 and October 4, the TAD 3 line was gradually brought to 100% throughput, maintaining peak operation for a week. While solid output met 100% capacity, oil and gas production reached 95% due to a quench pump blockage, an issue mitigated in future tests by using a reserve pump.

Pyrum Innovations AG (Pyrum) – a pioneering company that sustainably recycles used tires with its globally patented, unique pyrolysis technology – has once again demonstrated the sustainability of its business model proven. A scientific study by the Fraunhofer Institute recently published in the renowned journal “Resources, Conservation and Recycling” shows that Pyrum's pyrolysis process offers significant CO2 savings compared to conventional methods.