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Pyrum Innovations AG (Pyrum), a pioneering company that recycles used tires sustainably with its globally patented unique pyrolysis technology, recently published its annual and consolidated financial statements for the 2022 financial year. According to Pyrum’s press release, the group achieved total output of EUR 19.1 million. This represents a significant increase compared to the same period in the previous year (2021: EUR 3.7 million). The main reason for this was the sharp increase in own work capitalized in the amount of EUR 17.8 million (2021: EUR 2.8 million) as part of the expansion of the main plant in Dilligen/Saar. At EUR 1.0 million, sales were slightly above the previous year's level (2021: EUR 0.9 million).

Pyrum Innovations AG (Pyrum), a pioneer in the sustainable recycling of end-of-life tires based on its patented pyrolysis technology, invites interested investors, private shareholders and members of the press to attend the online presentation of the Executive Board on the occasion of the publication of the Annual Report 2022. In the webcast, CEO Pascal Klein and CFO Kai Winkelmann will provide an overview of the 2022 financial figures, an update on the current business development as well as the company's outlook. There will also be a Q&A session following the presentation.

On 15 April, EuRIC’s tyre recycling event “Reinventing the Wheel: Advancing tyre recycling”, brought together all the value chain stakeholders to address tyre circularity challenges and collaborate on opportunities for increased material recovery in the EU. Held in Brussels, the event emphasised the significant untapped potential for tyre circularity. Key requirements include improved ecodesign of tyres, mandatory recycled content targets either in new tyres or other applications, and chemical legislation for recycled materials from tyres based on risk assessment rather than the precautionary principle, all fostered by harmonised EU-wide End-of-Waste criteria.

Pyrum Innovations AG (Pyrum), one of the pioneers in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, today published its consolidated financial report for the period from 1 January to 30 June 2022. In the first six months, total output increased almost tenfold compared to the same period of the previous year to EUR 9,196 thousand (H1 2021: EUR 932 thousand). This includes own work capitalised of EUR 8,495 thousand (H1 2021: EUR 519 thousand) resulting from construction progress on production lines 2 and 3 at the company's site in Dillingen, inventory increases to EUR 216 thousand (H1 2021: EUR 15 thousand) as well as increased sales.