BASF invests in Quantafuel to jointly drive chemical recycling of mixed plastic waste

摘要

BASF is set to invest €20-mn into Quantafuel, a specialist for pyrolysis of mixed plastic waste and purification of pyrolysis oil, headquartered in Oslo, Norway. The investment will be facilitated via the subscription of new shares and via the grant of a convertible loan. Together, the partners aim to further develop Quantafuel's technology for chemical recycling, consisting of an integrated process of pyrolysis and purification, towards optimising the output for use as feedstock in chemical production. In a second step, Quantafuel also plans to license the jointly developed technology to other parties.