Perl municipal council approves the amendment to the development plan for
the second Pyrum-owned plant in Perl

EQS-News: Pyrum Innovations AG / Key word(s): Miscellaneous
Perl municipal council approves the amendment to the development plan for
the second Pyrum-owned plant in Perl

21.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Perl municipal council approves the amendment to the development plan for
the second Pyrum-owned plant in Perl

  * The development plan only provides for the construction of a tyre
    thermolysis plant by Pyrum GreenFactory II GmbH

  * Final application documents for the early start of construction are
    currently being prepared

* Groundbreaking planned for the second half of 2024

Dillingen / Saar, 21 May 2024 - The municipal council of Perl voted last
week on the amendment to the development plan for the site of the new plant
of Pyrum Innovations AG ('Pyrum', the 'Company', ISIN: DE000A2G8ZX8) and
approved by a majority the amendment to the statutes and thus the new
development plan. Accordingly, the construction of a tyre thermolysis plant
by Pyrum GreenFactory II GmbH on the property was exclusively approved.
Furthermore, the implementation agreement between the municipality of Perl
and Pyrum Innovations AG was signed, which, among other things, stipulates
the forest compensation areas for the building site. All comments from
authorities, public bodies and the local population were also discussed and
taken into account.

Pascal Klein, CEO of Pyrum Innovations AG: "We are very pleased with the
support of the Perl municipal council in the process of building our second
Pyrum-owned plant in Perl-Besch. I would especially like to thank the mayor,
Mr Uhlenbruch, and his team for their excellent cooperation and commitment.
With the approval of the amendment to the statutes of the development plan,
nothing stands in the way of further planning work and the planned
groundbreaking in the second half of 2024."

The final application documents for the early start of construction are
currently being prepared and are expected to be finalised and submitted by
the beginning of July 2024 . Once the application documents have been
approved, the groundbreaking will take place at the new site in Perl-Besch .

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for
end-of-life tyres and various plastics with its patented thermolysis
technology. Pyrum's thermolysis process is largely 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 thermolysis 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 thermolysis 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
thermolysis oil and the recovered carbon black. Both products are thus
considered sustainable and renewable raw materials. In addition, Pyrum has
received ISO 14001 certification for its environmental management system and
ISO 9001 certification for its quality management system. 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 a finalist in the Grand Prix of
German SMEs (Großer Preis des Mittelstandes) three times in a row.

www.pyrum.net

Contact

IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
E-mail: pyrum@ir-on.com

Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
E-mail: presse@pyrum.net


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21.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Pyrum Innovations AG
                   Dieselstraße 8
                   66763 Dillingen/Saar
                   Germany
   Phone:          +49 6831 959 480
   E-mail:         contact@pyrum.net
   Internet:       www.pyrum.net
   ISIN:           DE000A2G8ZX8
   WKN:            A2G8ZX
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Munich
   EQS News ID:    1906287

End of News EQS News Service
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1906287 21.05.2024 CET/CEST