Chemicals firm BASF has signed an agreement with German company ARCUS Greencycling Technologies to buy pyrolysis oil from chemically recycled mixed plastics.
Potentially, ARCUS will supply up to 100,000 tonnes of pyrolysis oil that will enable BASF to expand its ChemCycling business.
This oil will be used by BASF ChemCycling to produce Ccycled plastic products.
ARCUS has built a demonstration unit in Frankfurt, which is the first of its kind on a commercial scale in Germany.
BASF vice president chemical recycling business & technologies Christoph Gahn said: “The collaboration with ACRUS underscores BASF’s commitment to conserving resources by using recycled raw materials in the chemical industry and to drive the transition to a circular economy.
“Partnerships with agile, innovative companies are key to achieving these goals. We are pleased to have found such a partner in Germany with ARCUS, who will be able to supply us with commercial quantities of pyrolysis oil for the production of Ccycled products in the future. In this way, we support our customers in achieving their sustainability goals.”