Pyrum Innovations AG
26.00
EUR
-1.00
(-3.70%)
ISIN
DE000A2G8ZX8
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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EUR
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EUR
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EUR
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in mil. unless spec.Company Description
- CEO
- Pascal Klein
- Full Time Employees
- 100
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Dieselstrasse 8 Dillingen SR Germany 66763
- IPO Date
- Sep 30, 2021
- Website
- pyrum.net
- Similar Companies
- Business
- Pyrum Innovations AG is a Germany-based recycling and plant engineering company specializing in the development and application of patented thermolysis technology for the sustainable recycling of used tires and plastics. The company manufactures and operates industrial plants that process end-of-life tires and carbon fiber reinforced plastics (CFRP) through a unique thermolysis process with virtually no emissions, producing high-quality recycled products including thermolysis oil, recovered carbon black (rCB), steel, and gas. These recycled materials are supplied to major industrial partners such as BASF for use in new plastics and vehicle components, Continental for rubber products, and Schwalbe for bicycle tires. Pyrum operates plants primarily in Germany, with notable current facilities in Dillingen/Saar and Perl-Besch, and is expanding its geographical footprint through joint ventures in other European countries, such as a planned new recycling plant in the Czech Republic. Founded in 2008 and headquartered in Dillingen/Saar, Germany, Pyrum Innovations AG focuses on the environmental and commercial services sector within the recycling market. The company’s technology contributes significantly to circular economy initiatives by enabling the recovery of raw materials from waste streams while reducing carbon emissions by up to 72%. Pyrum's products have received notable certifications including REACH and ISCC Plus, attesting to their quality and sustainability. Recent major developments include a successful capital increase resolution raising up to €21 million to finance the continued rollout of production capacity and modernization of existing plants. In 2024 and 2025, Pyrum completed the commissioning of two new production lines (TAD 2 and TAD 3) at its Dillingen plant, significantly enhancing production efficiency and output. The company also secured a long-term oil purchase agreement and a 49% equity stake in a joint venture with SUAS Ecology s.r.o. to build and operate a state-of-the-art recycling plant in the Czech Republic, marking a strategic expansion in Central Europe. Additionally, Pyrum has achieved a breakthrough in recycling carbon fiber reinforced plastics, an area in which it plans to intensify research and development efforts. Strategic partnerships underpin Pyrum’s business model, notably an ongoing collaboration with BASF within the ChemCycling™ project, where BASF uses Pyrum’s REACH-certified thermolysis oil as a pioneering raw material for new plastic production. This partnership reflects Pyrum’s role as a technology leader driving sustainable raw material sourcing and circular economy solutions across Europe. Overall, Pyrum Innovations AG offers advanced recycling technologies and operates production facilities that convert problematic waste materials into valuable secondary raw materials, supporting global sustainability goals and industrial reuse in the automotive, chemical, and rubber industries. The company’s recent financial and operational advances position it for continued growth within the European recycling technology sector.