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Pyrum Innovations (PYRUM) investor relations material
Pyrum Innovations Investor Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market and regulatory developments
Used tire recycling market is growing, with regulatory shifts in Europe reducing burning and granulate use, and increasing export, prompting calls for an export ban by 2027.
New EU regulations, including end-of-life vehicle rules and bans on rubber granulates, are expected to drive demand for recycled materials and create obligations for manufacturers to use recycled content.
The company is actively involved in policy discussions to shape favorable regulatory frameworks.
Technology and operations update
Achieved TRL 9 certification, confirming the plant's technical readiness and bankability, with stable 24/7 operations and energy self-sufficiency.
Current bottleneck in recovered carbon black (RCB) pelletizing is being addressed, with modifications underway to increase throughput.
Expansion plans include upgrading older reactors, building new tire storage, and investing in carbon fiber reinforced plastic recycling.
Plans include replacing the ten-year-old TAD 1 reactor with a new generation reactor to boost sales and profitability.
Commercial partnerships and offtake agreements
Secured long-term offtake agreements: BASF (10–15 years, up to 300,000 tons/year), Continental (10 years, RCB for six reactors), and Schwalbe (10 years, RCB and tire delivery).
Partnerships with major industry players (e.g., Vaude, Mercedes-Benz) demonstrate product adoption in textiles and automotive applications.
Recent €29.4 million grant awarded to the Greek plant project by the European Innovation Fund.
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