Pyrum Innovations (PYRUM) Investor Update summary

Market and Regulatory Environment

• Global end-of-life tire (ELT) market is 30.9 million tonnes annually, valued at €22.5 billion, with tightening regulations and export bans expected by 2027.

• European ELT market is 3.4 million tonnes, worth €2.5 billion; Germany's market is 600,000 tonnes, valued at €441 million.

• EU has banned use of tire granulate on playgrounds and fields, with a grace period until 2031.

• European ELT exports have risen to 30-33% as burning and granulate use decline.

Technology, Operations, and Product Applications

• Patented thermolysis technology converts rubber into oil, carbon black, gas, and steel, with multiple industrial applications.

• Plants operate 24/7, with recent upgrades enabling stable, high-throughput, and reduced maintenance costs.

• Three production lines are operational in Dillingen, with stable partners and improved process reliability.

• Technical readiness level 9 achieved, confirming industrial maturity and enabling project financing.

• Combined heat and power plants and turbines are now running stably, supporting energy self-sufficiency.

Project Pipeline and Expansion

• Over 20 projects in the pipeline across 7 countries, with 10 started and 5 new in 2024.

• Key projects include new plants in Germany, Greece, Czech Republic, Belgium (Antwerp), and the UK, with a total recycling volume of 180,000 tons/year.

• Major expansion projects underway in Perl-Besch, Greece, Czech Republic, and with VTTI in Antwerp.

• Project pipeline expanded to ten plants, including entry into Scandinavia.

• Construction at Perl-Besch is ready to start pending permit; site preparation is complete.