16.06.2023 Pyrum Innovations AG  DE000A2G8ZX8

EQS-News: Pyrum Innovations AG starts commissioning of first large-scale industrial series plant


 

EQS-News: Pyrum Innovations AG / Key word(s): Miscellaneous
Pyrum Innovations AG starts commissioning of first large-scale industrial series plant

16.06.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Pyrum Innovations AG starts commissioning of first large-scale industrial series plant
  • Milestone for Pyrum: Start of commissioning of thermolysis recycling plant 2&3 in Dillingen
  • First oil deliveries from the plant expansion to BASF expected in the third quarter of 2023

Dillingen / Saar, 16 June 2023 – Pyrum Innovations AG (“Pyrum”, the “company”, ISIN: DE000A2G8ZX8) has started the commissioning of the thermolysis recycling plants 2&3 in Dillingen. The recent start of the compressed air supply unit marks the beginning of the phased commissioning. Over the next few weeks, the commissioning of all other parts of the entire plant will follow successively. After successful cold commissioning, the first test run of the reactors for production can then take place.

Pascal Klein, CEO of Pyrum Innovations AG: "The start of commissioning of our lines 2&3 at our main plant in Dillingen after a construction period of about 20 months is, without exaggeration, one of the biggest milestones in the company's history so far. Our new plant now represents the prototype of a Pyrum thermolysis recycling plant, with which we will revolutionize the recycling of end-of-life tyres in the future. We have already planned numerous additional plants to greatly expand our recycling capacity and revenue base in the coming years."

In February 2023, the two new thermolysis reactors had been installed in the thermolysis tower. The heating elements were recently finalised. Since the beginning of June, the new shredder plant has also been running at full capacity with a capacity of approx. 6 tonnes of end-of-life tyres per hour. The hot commissioning of the pyrolysis plant with a successive increase in production volumes is scheduled to start in August/September 2023. The company's goal is that the first oil deliveries to BASF can be made as early as the end of the third quarter of 2023.

The final element will then be the delivery and commissioning of the new mill and pelletising unit in the first half of 2024. After a successful ramp-up phase, the Dillingen site will process around 18,000 to 20,000 tonnes of end-of-life tyres per year into thermolysis gas, oil and coke, as well as steel, and return them to the circular economy so that new products, such as new tyres, plastics and energy, can be produced.

 

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/

 

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

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

 



16.06.2023 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: 1659389

 
End of News EQS News Service

1659389  16.06.2023 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 1,15
EBITDA1,2 0,00 -1,25 -0,75 -2,22 -6,51 -5,06 -7,09
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 -9,17
EBIT-Marge5 0,00 -6.633,33 -1.000,00 -521,21 -884,78 -777,55 -797,39
Jahresüberschuss1 0,00 -1,90 -1,78 -3,57 -8,35 -7,81 -9,51
Netto-Marge6 0,00 -6.333,33 -1.047,06 -540,91 -907,61 -796,94 -826,96
Cashflow1,7 0,00 -1,15 -1,62 -2,17 -3,91 -6,93 -6,22
Ergebnis je Aktie8 0,00 0,00 0,00 -1,10 -2,57 -2,40 -2,92
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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 34,100 110,95
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 -13,65
KBV KCV KUV EV/EBITDA
4,96 - 96,73 -15,53
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 22.11.2024 16.05.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,52% -7,92% 7,91% -16,01%
    
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Umwelt/Recycling , A2G8ZX , PYR , XETR:PYR