PRESS RELEASE: Pyrum Innovations AG: First delivery of bicycle tires as part of the new cooperation with bicycle tire manufacturer Schwalbe – Ralf Bohle GmbH



DGAP-News: Pyrum Innovations AG / Keyword (s): Alliance / Letter of Intent Pyrum Innovations AG: First delivery of bicycle tires as part of the new cooperation with bicycle tire manufacturer Schwalbe – Ralf Bohle GmbH 2021-10-15 / 08h00 The issuer is solely responsible for the content of this advertisement.

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Pyrum Innovations AG: First delivery of bicycle tires as part of the new cooperation with bicycle tire manufacturer Schwalbe – Ralf Bohle GmbH

Dillingen / Saarland, October 15, 2021 – Pyrum Innovations AG (“Pyrum”), a pioneer in the sustainable recycling of waste tires thanks to its patented pyrolysis technology, has received the first delivery of old bicycle tires from Ralf Bohle GmbH under of the cooperation envisaged between the two companies.

Ralf Bohle GmbH (“Bohle”) is with its brand Schwalbe and a turnover of 225 million euros (2020) the European market leader for bicycle tires and tubes. In September, Pyrum and Bohle signed a Memorandum of Understanding (MoU), the objective of which is the operation, extension and long-term development of a raw material recycling system for bicycle tires in end of life by means of pyrolysis. At the same time, the aim is to use the recovered carbon black (rCB) from the recycling of used tires as an environmentally friendly secondary raw material in the manufacture of new Schwalbe products.

Pascal Klein, CEO of Pyrum Innovations AG: “We are very happy with the cooperation with Bohle. With its Schwalbe brand, the company fits perfectly into our 100% sustainable business model. With our partner, we want to help make bicycles even more sustainable and thus support Bohle in its roadmap for more sustainable and responsible production. ”

The cooperation foresees that Bohle will establish a collection network for end-of-life bicycle tires, thereby collecting the used tires and delivering them to Pyrum for further processing. Pyrum, in turn, with its pyrolysis plant in Dillingen, takes care of the mechanical processing as well as the pyrolytic recycling of used tires and thus extracts new raw materials from the tires, including rCB. As soon as the use of rCB in Schwalbe products is technically possible, Bohle in turn uses Pyrum’s rCB pyrolysis product to produce new bicycle tires and tubes. As part of a first test of the collection network, the first delivery of used bicycle tires with a volume of 20 tonnes has now been made by Bohle to Pyrum.

At present, the two companies are already studying the technical feasibility of sustainable recycling of bicycle tires by pyrolysis with the Technical University of Cologne as part of a ZIM (Central Innovation Program for SMEs) project funded by the Federal Ministry of Economic Affairs. and Energy (BMWI).

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive market for recycling end-of-life tires thanks to its patented pyrolysis technology. Pyrum’s pyrolysis plants are completely self-sufficient in energy, saving almost 100% of CO[2 ]emissions[] normally generated during the disposal of end-of-life tires in a cement plant and produce new raw materials such as pyrolysis oil, gas and carbon black recovered from waste used as raw materials. In this way, Pyrum completes the loop of recyclable materials and pursues a 100% sustainable economic model. As a pioneer, Pyrum Innovations AG was the first company in the scrap tire recycling industry to receive EU REACH registration for the pyrolysis oil it produces. This means that the oil is recognized as an official raw material. In addition, Pyrum is looking for new inputs as well as new raw materials to be produced, such as the ongoing tests with success for the extraction of hydrogen from the gas obtained thanks to the patented technology. These achievements have also been recognized by international experts in the tire industry. For example, Pyrum won the Best Tire Recycling Innovation category at the inaugural Recircle Awards.

About Ralf Bohle GmbH

Ralf Bohle GmbH is the European market leader for bicycle tires with its Schwalbe brand. The family business, founded in Bergneustadt in 1922, employs 180 people at Ralf Bohle GmbH in Reichshof and 60 employees in five subsidiaries in Europe and North America. Since 1973 Schwalbe has been manufacturing its tires in cooperation with its Korean production partner Hung-A. In 1993, Hung-A relocated production from Korea to Indonesia, and in 2015, it started a second Schwalbe factory in Vietnam. Schwalbe and Hung-A are not only bound by a joint venture, but also by a friendship that has lasted for almost 50 years and is unprecedented in the industry.

Contact

IR.on AG Dariusch Manssuri, Frederic Hilke Telephone: +49 221 9140 970 E-mail: [email protected]

Pyrum Innovations AG Dieselstraße 8 66763 Dillingen / Sarre E-mail: [email protected] https://www.pyrum.net

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2021-10-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement. DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases. Archives on www.dgap.de

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Language:     English 
Company:      Pyrum Innovations AG 
              Dieselstraße 8 
              66763 Dillingen/Saar 
              Germany 
Phone:        +49 6831 959 480 
E-mail:       [email protected] 
Internet:     www.pyrum.net 
ISIN:         DE000A2G8ZX8 
WKN:          A2G8ZX 
EQS News ID:  1240940 
 
End of News   DGAP News Service 
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1240940 2021-10-15

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1240940&application_name=news

(END) Dow Jones Newswires

October 15, 2021 2:00 a.m.ET (06:00 GMT)


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