TPI Review · Company Profile
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Pyrum Innovations AG — flagged
The listed German pyrolysis company whose stated output is not what its revenue line shows.
Profile
Base & approach
Germany (Dillingen); thermolysis via rotary kiln.
Product
ISCC-EU-certified pyrolysis oil and REACH-registered recovered carbon black.
Financials
2025 filings: €4.1M revenue — roughly half consulting fees — against a c.€10M net loss and a €53M accumulated deficit. A ‘total output' figure of c.€9–12M reflects capitalised self-build and grants, not product sales.
Our assessment
Flagged — excluded from the numbered ranking. Pyrum's own published accounts show a company whose stated output materially exceeds its product revenue, funded substantially by capitalised construction and grants while losses accumulate. We cite its filings only.