Pyrum Innovations (PYRUM) Investor update summary

Operational highlights and plant performance

• Achieved stable, full-capacity operation of shredding, reactor, and power plant units, with significant improvements in throughput and reliability since last year.

• Mill and pelletizer reached stable daily production of 750kg/h, with internal approval for serial production and audits by Continental.

• Built up 16 days of rubber granulate storage, ensuring continuous operation even during shredder crashes.

• Power plant operates all five turbines, with recent software issues being addressed.

• Secured ISCC EU certification for oil, enabling sales into the green fuel market, and achieved TRL 9 certification, enhancing bankability.

Regulatory and market developments

• EU Waste Shipment Regulation bans tire exports to non-OECD countries from May 2026, keeping 800,000 more tons of tires in Europe.

• New regulations (ELVR, Circular Economy Act, Microplastic Directive) drive demand for recycled materials and restrict traditional disposal methods.

• Company increasingly recognized as a supplier of critical raw materials, aligning with EU goals for resource independence.

• Global end-of-life tyre market is 30.9 million tonnes annually, valued at €22.5 billion per year.

Project pipeline and expansion

• Over 20 plants/projects in the pipeline across Europe, with 10 started and three building permits granted in 2025 (Germany, Czech Republic, Greece).

• Joint venture with UNITANK (UniPyrum) to build up to 10 plants in Europe, with Pyrum holding a 49% share.

• GreenFactory II site preparation and permitting completed, with ongoing cost optimization and modular redesign to maintain budget and accelerate construction.

• Major project in Greece received €29.4 million EU funding, with similar grants pursued for other sites.

• Project pipeline represents over €600 million investment and 220,000 tons/year recycling volume.