17.01.2022 Pyrum Innovations AG  DE000A2G8ZX8

DGAP-News: ​​​​​​​Pyrum Innovations AG with important contribution to the successful progress of the BlackCycle project


 

DGAP-News: Pyrum Innovations AG / Key word(s): Alliance/Miscellaneous
​​​​​​​Pyrum Innovations AG with important contribution to the successful progress of the BlackCycle project

17.01.2022 / 11:46
The issuer is solely responsible for the content of this announcement.


Pyrum Innovations AG with important contribution to the successful progress of the BlackCycle project

Dillingen / Saar, 17 January 2022 - Pyrum Innovations AG ("Pyrum"), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, reports on the progress of the European BlackCycle project. The renowned EU-funded project, led by the French tyre manufacturer Michelin, aims to enable a circular economy for the efficient recycling of ELT. In this context, all milestones of the project were achieved in 2021. Of particular note is the world's first production of sustainable carbon black (sCB) for reuse in tyres using pyrolysis oil from ELT as feedstock, which was provided by Pyrum. The project partner Orion Engineered Carbons, one of the world's leading producers of carbon black, has successfully evaluated that the pyrolysis oil produced and supplied by Pyrum is qualitatively equivalent to conventional, fossil fuel-based carbon black. This novel production of a sustainable material from ELT represents a true circular process.

Pascal Klein, CEO of Pyrum Innovations AG: "We are very proud to be part of this important project, as it is also our primary goal to contribute to the achievement of a circular economy. For this reason, we have also extended the scope of our deliveries and supplied 20 tonnes of additional pyrolysis oil for the additional Fast Track process carried out, so that the sustainable tyre of the future - made from 100% recycled material - can be brought to market more quickly."

The BlackCycle project, which was launched in May 2020 and will run until the end of August 2023, is funded by the European Union's Horizon 2020 research and innovation programme. As part of the project, 13 companies from five EU countries are researching a sustainable process to recycle recovered materials from end-of-life tyres back into new tyre production. This includes the collection and selection of raw materials from ELT, as well as the optimisation of pyrolysis, oil refining and recycling. The Pyrum Innovations AG team focuses on the further development and adaptation of the pyrolysis process on a laboratory and industrial scale. The aim is to obtain products with tailor-made properties for ideal further utilisation with the highest possible quality from ELT. More information on the BlackCycle project can be found at https://blackcycle-project.eu/.
 

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
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

 



17.01.2022 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.

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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: 1269508

 
End of News DGAP News Service

1269508  17.01.2022 

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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 70,000 227,76
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 15,86 0,00 -43,75
KBV KCV KUV EV/EBITDA
5,74 - 247,03 -29,94
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
-15,14% 0,00% -34,21% 0,00%
    
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Umwelt/Recycling , A2G8ZX , PYR , FWB:APYR