Pyrum establishes the first joint venture to build and operate a 20,000 ton pyrolysis plant in Bavaria

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Pyrum establishes first joint venture to build and operate a 20,000-ton
pyrolysis plant in Bavaria

Dillingen / Saar, 14 July 2022 - 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. 

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.

Pascal Klein, CEO of Pyrum Innovations AG: "We are very pleased about the
realization of our first joint venture and the future cooperation with our new
partners. With our planned pyrolysis plant in Bavaria, we will reach an
important milestone on the way to the commercial rollout of our pyrolysis
technology."

Jens Weinberger, Managing Director of MCapital GmbH: "We are proud to have found
an innovative partner in pyrolysis technology in Pyrum Innovations AG, with whom
we are jointly building our first plant in Bavaria."


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, saves a large portion of the CO2 emissions
normally generated during the disposal of end-of-life-tyres in a cement plant
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.

About the joint venture partners
MCapital as a real estate company brings years of experience in the fields of
project development and recycling in association with the demolition company
MTECH Süd GmbH, also managed by Mr. Weinberger. In cooperation with TEXTOR GmbH,
which is active in the field of personnel management, and the energy and real
estate company Auer Holding GmbH, Pyrum Innovations AG has competent partners
for the realization of the project at its side.

Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
Email: [email protected]  

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
Email: [email protected]
https://www.pyrum.net

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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