PYRUM PYRUM INNOVATIONS AG

EQS-News: ​​​​​​​Pyrum receives official operating permit for the expansion of the main plant in Dillingen/Saar

EQS-News: Pyrum Innovations AG / Key word(s): Miscellaneous
​​​​​​​Pyrum receives official operating permit for the expansion of the main plant in Dillingen/Saar

05.10.2022 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Pyrum receives official operating permit for the expansion of the main plant in Dillingen/Saar

  • The necessary official approval has already been obtained three months before the official start of commissioning.
  • Important for future rollout: Pyrum series plants are approvable
  • Significant expansion of current capacities initiated via first joint ventures

Dillingen / Saar, 5 October 2022 - Pyrum Innovations AG (“Pyrum”) has received the official state approval notice for the operation of production lines 2 and 3 at its main plant in Dillingen, Saarland. Already three months before the start of the official commissioning, all questions from the authorities could be clarified, so that the operating permit was granted. This is a major milestone for the company, as it means that Pyrum's series plants have been proven to be approvable. Consequently, no official restrictions are expected for future plants.

Pascal Klein, CEO of Pyrum Innovations AG: “We are very pleased to have received the final operating permit so early. The approval is important for our ambitious rollout plans, as we also assume positive cooperation with the authorities for our future plants - for example, for our joint venture REVALIT in Straubing or the ten planned plants we want to build with UNITANK.”

Pyrum is currently expanding its industrial plant in Dillingen by two more production lines to a total of three pyrolysis reactors as well as the associated equipment, such as a shredder and a pelletising plant. The official approval now granted relates to the operation of the Pyrum pyrolysis plant with the two new reactors and a throughput of around two tonnes of end-of-life tyres (ELT) per hour, the storage of a further 160,000 litres of oil and 500 tonnes of ELT, as well as the operation of a further shredder plant with a capacity of up to six tonnes of tyres per hour. Despite general delivery problems, the construction of the pyrolysis plant is going according to plan and Pyrum has secured the timely delivery of the plant components thanks to the great efforts of the internal project coordinators. The loop checks, which include the testing of all installed cables and sensors and are usually the last steps in the construction process, are scheduled for December and commissioning will start immediately afterwards. The assembly of the new shredder plant will start in the next few days and will take about four to six weeks, so that it can be put into operation in November.

Only recently, a memorandum of understanding was concluded with UNITANK Betriebs- und Verwaltungs GmbH, an operator of tank terminals, for the joint construction and operation of up to ten pyrolysis plants in the EU by 2030. Each of the planned plants is to be equipped with at least three pyrolysis reactors and thus have a recycling capacity of around 20,000 tonnes of end-of-life tyres per year. With a total investment volume of more than EUR 300 million, the plans represent a significant expansion of Pyrum Innovations AG's current capacities.

In addition, the preparatory work at the REVALIT joint venture is also progressing according to plan. Together with three partners, Pyrum is planning the construction and operation of a further 20,000 tonnes pyrolysis plant in Straubing (Bavaria), which will thus have the same processing capacity as the plant in Dillingen after completion. For this purpose, the company REVALIT GmbH was finally founded and a suitable site in the port of Straubing-Sand was contractually secured. In addition, REVALIT has made the first engineering down payment for the plant and work on the planning and approval of the plant has also begun.

 

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for end-of-life tyres with its patented pyrolysis technology. Pyrum's pyrolysis process is energy self-sufficient and, according to the Fraunhofer Institute, saves significantly more CO2 emissions than today's standard recycling processes for end-of-life tyres - especially compared to incineration in cement plants - 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 tyre recycling sector to receive REACH registration from the European Chemicals Agency (ECHA) for the pyrolysis oil it produces. This means that the oil is recognised as an official raw material that can be used in production processes. In addition, Pyrum has received ISCC PLUS certification for the pyrolysis oil and the recovered carbon black. Both products are thus considered sustainable and renewable raw materials. These achievements have also been recognised by international experts in the tyre 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.

 

Contact

IR.on AG
Frederic Hilke
Tel: 0
E-mail:  

 

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
E-Mail:
 

 



05.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen/Saar
Germany
Phone: 0
E-mail:
Internet:
ISIN: DE000A2G8ZX8
WKN: A2G8ZX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich
EQS News ID: 1456825

 
End of News EQS News Service

1456825  05.10.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1456825&application_name=news&site_id=research_pool
EN
05/10/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PYRUM INNOVATIONS AG

 PRESS RELEASE

EQS-News: Pyrum Innovations AG and Schwalbe conclude framework agreeme...

EQS-News: Pyrum Innovations AG / Key word(s): Contract/Agreement Pyrum Innovations AG and Schwalbe conclude framework agreement on long-term purchase of the Pyrum-rCB 02.04.2025 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Pyrum Innovations AG and Schwalbe conclude framework agreement on long-term purchase of the Pyrum-rCB Second framework contract for the purchase of rCB at a fixed price for ten years Delivery of Schwalbe bicycle tyres is being further expanded More than one million Schwalbe bicycle tyres already recycled Dil...

 PRESS RELEASE

EQS-News: Pyrum Innovations AG und Schwalbe schließen Rahmenvertrag üb...

EQS-News: Pyrum Innovations AG / Schlagwort(e): Vertrag/Vereinbarung Pyrum Innovations AG und Schwalbe schließen Rahmenvertrag über Langzeitabnahme des Pyrum-rCB 02.04.2025 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Pyrum Innovations AG und Schwalbe schließen Rahmenvertrag über Langzeitabnahme des Pyrum-rCB Zweiter Rahmenvertrag über Abnahme des rCB zu einem Festpreis über zehn Jahre Lieferung der Schwalbe-Fahrradreifen wird ebenfalls weiter ausgebaut Bereits mehr als eine Million Fahrradreifen von Schwalbe recycelt Di...

 PRESS RELEASE

EQS-News: Pyrum Innovations AG: Contract of Chief Financial Officer (C...

EQS-News: Pyrum Innovations AG / Key word(s): Personnel Pyrum Innovations AG: Contract of Chief Financial Officer (CFO) Kai Winkelmann extended 31.03.2025 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Pyrum Innovations AG: Contract of Chief Financial Officer (CFO) Kai Winkelmann extended Dillingen (Saar), Germany, 31 March 2025 - Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) announces that the Supervisory Board extended the contract with Chief Financial Officer (CFO) Kai Winkelmann until March 31, 2030, thus e...

 PRESS RELEASE

EQS-News: Pyrum Innovations AG: Vertrag von Finanzvorstand (CFO) Kai W...

EQS-News: Pyrum Innovations AG / Schlagwort(e): Personalie Pyrum Innovations AG: Vertrag von Finanzvorstand (CFO) Kai Winkelmann verlängert 31.03.2025 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Pyrum Innovations AG: Vertrag von Finanzvorstand (CFO) Kai Winkelmann verlängert Dillingen / Saar, 31. März 2025 – Die Pyrum Innovations AG („Pyrum“, das „Unternehmen“, ISIN: DE000A2G8ZX8) gibt bekannt, dass der Aufsichtsrat den Vertrag mit Finanzvorstand (CFO) Kai Winkelmann um weitere fünf Jahre bis zum 31. März 2030 verlängert ...

 PRESS RELEASE

EQS-News: Pyrum Innovations AG veröffentlicht vorläufiges Ergebnis für...

EQS-News: Pyrum Innovations AG / Schlagwort(e): Vorläufiges Ergebnis/Quartals-/Zwischenmitteilung Pyrum Innovations AG veröffentlicht vorläufiges Ergebnis für das Geschäftsjahr 2024 28.03.2025 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Pyrum Innovations AG veröffentlicht vorläufiges Ergebnis für das Geschäftsjahr 2024 Umsatz mit 2.017 T€ um 76 % über Vorjahresniveau (2023: 1.147 T€) Gesamtleistung geht erwartungsgemäß auf 10.194 T€ zurück (2023: 12.799 T€) Vorläufiges Konzernjahresergebnis in Höhe von -10.883 T€ (2023:...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch