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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.

Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life-tyres (ELT) based on its patented pyrolysis technology, establishes the first joint venture to build and operate a pyrolysis plant in Bavaria, Germany. Under the company name REVALIT GmbH, a recycling plant with a capacity of 20,000 tons of used tyres is to be operated in the port of Straubing near the Danube from 2024. The planned location is characterized by excellent connections to the road network and also offers the possibility of transporting the goods to and from the site by rail and ship. Straubing thus represents an ideal location for the implementation of the environmentally oriented business approach. Besides Pyrum, the shareholders of REVALIT GmbH will be the Munich-based companies MCapital GmbH, TEXTOR GmbH and Auer Holding GmbH, each with 25%. The contract for the start of the development activities and the start of the work for the required approval documents was concluded today. Preliminary discussions with the authorities have already taken place. The signing of a reservation agreement with the landowner will take place immediately after the entry of the company in the commercial register. Initial financing discussions with banks are currently underway.

Pyrum Innovations AG (Pyrum) has already started preliminary discussions with Thermo Lysi SA for the development of a new plant for the recycling of used tires in Greece. Pyrum has agreed to carry out all the planning necessary to obtain the building permits required under Greek law for the new facility, to be built approximately 140 km north of Athens. The facility will have a capacity of 20,000 tons of end-of-life tires per year and will therefore be able to cover almost half of the total amount of end-of-life tires in Greece – the country generates around 45,000 tons of waste tires annually. The new plant will help sustainably recycle these used tires and recover valuable resources.

Pyrum Innovations AG (Pyrum), a pioneering company that recycles end-of-life tires sustainably with its globally patented, unique pyrolysis technology, and the bicycle tire manufacturer Ralf Bohle GmbH (Schwalbe brand) have developed the world's first bicycle tire made from recycled tires. Pyrum's Green Marathon uses 100% recycled carbon black (rCB), which is a direct product of the recycling process and replaces fossil carbon black. The production of the innovative bicycle tire saves more than a third of CO2eQ compared to the previous model. To determine the CO2 savings, a detailed Product Carbon Footprint (PCF) of both models was calculated and evaluated according to the current IPCC AR6 standard (GWP 100, excl. biogenic CO2).

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).