28.10.2021 Pyrum Innovations AG  DE000A2G8ZX8

DGAP-News: ​​​​​​​Pyrum Innovations AG: Construction start for the extension of the pyrolysis plant in Dillingen


 

DGAP-News: Pyrum Innovations AG / Key word(s): Miscellaneous
​​​​​​​Pyrum Innovations AG: Construction start for the extension of the pyrolysis plant in Dillingen

28.10.2021 / 10:00
The issuer is solely responsible for the content of this announcement.


Pyrum Innovations AG: Construction start for the extension of the pyrolysis plant in Dillingen

Dillingen / Saar, 28 October 2021 - Pyrum Innovations AG ("Pyrum"), a pioneer in the sustainable recycling of end-of-life tyres based on its patented pyrolysis technology, has begun expanding the production capacity of its pyrolysis plant at the company's headquarters in Dillingen/Saar. So far, the plant consists of one production line, which has been operating on an industrial scale since May 2020, producing pyrolysis oil, recovered carbon black and pyrolysis gas from more than 7,000 tons of end-of-life tyres during this period. The addition of two more production lines will triple processing capacity to approximately 20,000 tons of end-of-life tyres per year. Excavation work for the foundations has already begun on the plant site. In addition, key components of the new plants have been ordered on a binding basis.

Pascal Klein, CEO of Pyrum Innovations AG: "With the groundbreaking for the new production lines, we are fully on track with our growth strategy and are making further progress towards a sustainable circular economy. The two new reactors will help us considerably to meet the high demand for our products from our partners, including BASF, Continental and Schwalbe."

In addition to the existing pyrolysis reactor, two further towers of around 25 metres in height are being built. Using Pyrum's patented technology, the reactors convert rubber granulate from end-of-life tyres into pyrolysis oil, gas, and recovered carbon black (rCB), which in turn are used by Pyrum's customers as raw materials in the production of new products. The energy required for the process is generated from the recovered gas with the help of a connected combined heat and power plant, so that Pyrum's pyrolysis process is 100% energy self-sufficient. Likewise, up to 98% of the CO2 emissions normally produced during the disposal of end-of-life tyres in a cement plant are saved. Pyrum's goal is to make an important contribution to achieving a sustainable circular economy.

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 plants are completely energy self-sufficient, save up to 98% of the CO2 emissionsnormally generated during the disposal of end-of-life-tyres in a cement plant and produce 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 and can be used as a raw material in production processes. In addition, Pyrum is continuously researching both new input materials as well as new raw materials to be produced, for example with the ongoing tests for the extraction of hydrogen from the gas obtained by means of the patented technology. 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
Dariusch Manssuri, Frederic Hilke
Phone: +49 221 9140 970
E-mail: [email protected]

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

 



28.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen/Saar
Germany
Phone: +49 6831 959 480
E-mail: [email protected]
Internet: www.pyrum.net
ISIN: DE000A2G8ZX8
WKN: A2G8ZX
EQS News ID: 1244198

 
End of News DGAP News Service

1244198  28.10.2021 

fncls.ssp?fn=show_t_gif&application_id=1244198&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 0,00 0,00 0,03 0,17 0,66 0,92 0,00
EBITDA1,2 0,00 0,00 -1,25 -0,75 -2,22 -6,51 0,00
EBITDA-Marge3 0,00 0,00 -4.166,67 -441,18 -336,36 -707,61 0,00
EBIT1,4 0,00 0,00 -1,99 -1,70 -3,44 -8,14 0,00
EBIT-Marge5 0,00 0,00 -6.633,33 -1.000,00 -521,21 -884,78 0,00
Jahresüberschuss1 0,00 0,00 -1,90 -1,78 -3,57 -8,35 0,00
Netto-Marge6 0,00 0,00 -6.333,33 -1.047,06 -540,91 -907,61 0,00
Cashflow1,7 0,00 0,00 -1,15 -1,62 -2,17 -3,91 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 -1,10 -2,57 -2,40
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Christian Hecht

INVESTOR-INFORMATIONEN
©boersengefluester.de
Pyrum Innovations
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2G8ZX 70,600 229,71
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 15,86 0,00 -44,13
KBV KCV KUV EV/EBITDA
5,79 - 249,15 -30,24
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 14.07.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2022 30.11.2022 20.05.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,16% 0,00% -33,65% 0,00%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Pyrum Innovations AG  ISIN: DE000A2G8ZX8 können Sie bei DGAP abrufen


Umwelt/Recycling , A2G8ZX , PYR , FWB:APYR