Continental and Pyrum Sign Agreement for Recovered Carbon Black

Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) and Continental today signed a framework agreement for the long-term purchase of Pyrum’s recovered Carbon Black (rCB). The agreement covers the rCB purchase quantities for at least two Pyrum plants, with a term of ten years. Continental will also supply Pyrum with end-of-life tyres. In addition, Continental has agreed to make an advance payment for future rCB deliveries.

Pascal Klein, CEO of Pyrum Innovations AG: “The expansion of our collaboration with Continental is a very important step for us. To enable Continental to use our rCB in the series production of car tyres in the future, we are continuously working on its further development as part of a development partnership. Together, we have already succeeded in ensuring that all newly produced forklift tyres at the Continental tyre plant in Korbach, Hesse, contain our rCB.”

Jorge Almeida, Head of Sustainability Continental Tires: “Recycled raw materials are becoming increasingly important in our tire production. To further increase the circularity of our products, we need to think differently. We need to move from an “end-of-life” to an “end-of-use” tire concept. This means that the end of a tire’s intended use phase must become the beginning of a new opportunity. Together with Pyrum, we are developing highly efficient processes to recycle as many components and materials as possible from an end-of-use tire back into our production cycle.”

The new Pyrum plant is to be built in Perl-Besch on the Moselle by the end of 2025 and will double Pyrum’s recycling capacity from 20,000 tonnes to 40,000 tonnes of end-of-life tyres. The final application documents for the early start of construction are currently being prepared and are expected to be finalised and submitted by the beginning of August 2024. Once the application documents have been approved, the ground-breaking ceremony will take place at the new site in Perl-Besch. Construction is currently scheduled to start at the beginning of October 2024.

Source: Yahoo!