BASF SE (“BASF”) signed an uptake supply agreement with New Energy, a technology company specialized in the pyrolysis of waste tires, headquartered in Budapest, Hungary automotiveworld.com reported.

According to the agreement, New Energy will supply BASF with up to 4,000 metric tons of pyrolysis oil per year derived from waste tires.

First volumes of the pyrolysis oil have already been utilized successfully in BASF’s integrated chemical production site (Verbund) in Ludwigshafen, Germany.

The agreement is part of BASF’s ChemCyclingTM project which was started in 2018 and focuses on chemically reprocessing post-consumer plastic waste on an industrial scale.

Source: https://www.automotiveworld.com/news-releases/basf-signs-agreements-with-new-energy-for-uptake-of-pyrolysis-oil-derived-from-waste-tires-and-for-a-joint-feasibility-study/