BASF is to invest in Quantafuel, a Norway-based firm focusing on pyrolysis oil purification and mixed plastic waste pyrolysis, through a subscription of new shares and convertible loans to further develop Quantafuel’s chemical recycling technology. The technology generates feedstock to be used for manufacturing chemicals by utilizing an integrated process of pyrolysis and purification.
Quantafuel plans to open a 16,000 tons/year pyrolysis and purification plant in Skive, Denmark, in the fourth quarter of 2019. Under the investment agreement, BASF will have a right of first refusal to all purified hydrocarbons and pyrolysis oil produced by the plant. BASF will use these materials for its ChemCycling project at BASF’s Ludwigshafen site.
BASF plans to commercialize Ccycled products based on chemically recycled plastic waste for select customers. BASF and Quantafuel also aim at producing more purified hydrocarbons via chemical recycling by building more jointly-owned plants.
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Published on October 8, 2019 8:54 PM (GMT+8)Last Updated on December 30, 2019 7:09 PM (GMT+8)
