Pyrum Innovations (PYRUM) Investor update summary

Operations and technology

• Shredding, reactors and power plant reached stable full-capacity operation; Dillingen throughput improved and downtime fell, with all five turbines operating despite software issues.

• Built 16 days of rubber granulate storage to support continuous operation during shredder outages.

• Mill and pelletizer reached stable, in-spec production of 750 kg/h, ready for customer orders; serial production was audited by Continental, with further modifications planned.

• ISCC EU certification enables oil sales into the green-fuel market; TRL 9 certification supports bankability.

Regulation and market trends

• The global end-of-life tyre market is 30.9 million tonnes annually, valued at €22.5 billion; tighter regulation is driving recycling demand.

• EU Waste Shipment Regulation bans tyre exports to non-OECD countries from May 2026, keeping 800,000 additional tonnes in Europe.

• The Circular Economy Act, End-of-Life Vehicle Regulation and Microplastic Directive are expected to boost recycled-material demand and restrict conventional disposal.

• TTB is being positioned as a supplier of critical raw materials, in line with EU resource-independence goals.

Commercial agreements and expansion

• Long-term offtake agreements: BASF for TTO (10–15 years), Continental for TTB (10 years), and Schwalbe for TTB and tyre deliveries (10 years).

• More than 20 European projects in the pipeline, representing over €600 million in investment and 220,000 tonnes/year of recycling capacity; 10 projects started and three permits granted in 2025.

• UniPyrum joint venture with UNITANK plans up to 10 European plants, with a 49% stake.

• GreenFactory II site preparation and permitting are complete; modular redesign and cost optimization aim to reduce budget and build time.

• European Innovation Fund approved EUR 29.4 million for the Greek project with Thermo Lysi SA.