16.02.2023 Pyrum Innovations AG  DE000A2G8ZX8

EQS-News: ​​​​​​​Pyrum Innovations AG: Homburg City Council votes unanimously for new Pyrum plant


 

EQS-News: Pyrum Innovations AG / Key word(s): Miscellaneous
​​​​​​​Pyrum Innovations AG: Homburg City Council votes unanimously for new Pyrum plant

16.02.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Pyrum Innovations AG: Homburg City Council votes unanimously for new Pyrum plant

  • City council unanimously approves sale of city-owned property to Pyrum
  • In Homburg, Pyrum is planning its second own plant in the Saarland after the main plant in Dillingen.
  • Plant will consist of three pyrolysis reactors with a total capacity of about 20,000 tonnes of end-of-life tyres per year

Dillingen / Saar and Homburg, 16 February 2023 - Pyrum Innovations AG ("Pyrum", the "company", ISIN: DE000A2G8ZX8), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its patented pyrolysis technology, announces that the Homburg City Council has unanimously voted in favour of the sale of a city-owned property to Pyrum and thus for the construction of a new pyrolysis plant. The contract to secure the land is to be signed soon so that the planning and approval process for Pyrum's second own plant in Saarland can begin as soon as possible.

Pascal Klein, CEO of Pyrum Innovations AG: “There are just two months between our first contact with Mayor Michael Forster in December 2022, which was initiated by the Saarland Economic Promotion Corporation, the presentation to the parliamentary party leaders in January and the unanimous approval of the city council across all parties. This speed is unique and we would like to thank the City of Homburg for its great support. We now want to start planning as soon as possible and are confident that the approval process will be as smooth as the expansion in Dillingen, as we are working with the same authorities.”

Michael Forster, Mayor of the City of Homburg, is also enthusiastic: “The settlement of Pyrum is also a great gain for the City of Homburg and a logical addition to our business location. With Pyrum's promising technology, we are building a bridge to a circular economy that ideally enriches our tradition-steeped automotive location with end-of-life tyre recycling. In addition, experience with the plant in Dillingen shows that the citizens of Homburg do not have to expect any noise or harmful pollution.”

Like the Pyrum main plant in Dillingen, the new plant in Homburg will consist of three pyrolysis reactors, which will have a processing capacity of around 20,000 tonnes of ELT per year once completed. The location offers numerous valuable advantages: In addition to the proximity to the Michelin plant in Homburg - from which Pyrum has already been recycling ELT for three years and with which the cooperation can now be expanded - and to BASF in Ludwigshafen - a strategic partner since autumn 2020 and a buyer of Pyrum's pyrolysis oil - the site has a railway siding that enables environmentally friendly logistics. In addition, the new plant will free up capacities at the Dillingen plant that can be used for tyre acceptance from Luxembourg without having to build a separate plant in the neighbouring country.

 

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.

https://www.pyrum.net/en

 

Contact

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

 

Pyrum Innovations AG
Diesel Road 8
66763 Dillingen / Saar 
Email: [email protected]

 

District and University City of Homburg
Michael Klein
Head of Communications and Public Relations
Am Forum 5
66424 Homburg
Tel.: +49 68 41 101-222
Mobile: +49 172 6828 049
Email:  [email protected]
www.homburg.de

 



16.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich
EQS News ID: 1560929

 
End of News EQS News Service

1560929  16.02.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 0,00 0,03 0,17 0,66 0,92 0,98 1,35
EBITDA1,2 0,00 -1,25 -0,75 -2,22 -6,51 -5,06 0,00
EBITDA-Marge3 0,00 -4.166,67 -441,18 -336,36 -707,61 -516,33
EBIT1,4 0,00 -1,99 -1,70 -3,44 -8,14 -7,62 0,00
EBIT-Marge5 0,00 -6.633,33 -1.000,00 -521,21 -884,78 -777,55 0,00
Jahresüberschuss1 0,00 -1,90 -1,78 -3,57 -8,35 -7,81 0,00
Netto-Marge6 0,00 -6.333,33 -1.047,06 -540,91 -907,61 -796,94 0,00
Cashflow1,7 0,00 -1,15 -1,62 -2,17 -3,91 -6,93 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 -1,10 -2,57 -2,40 -2,55
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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 34,600 112,58
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 -22,54
KBV KCV KUV EV/EBITDA
4,50 - 114,64 -22,07
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 18.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.06.2024 27.09.2024 24.11.2023 16.05.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,73% -13,57% 9,49% -32,16%
    
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Umwelt/Recycling , A2G8ZX , PYR , XETR:PYR