BASF signs agreements with New Energy for uptake of pyrolysis oil from end-of-life tires and joint feasibility study
Supply of pyrolysis oil from end-of-life tires is an important step in the commercialization of BASF’s ChemCyclingTM project. Moreover, BASF sees pyrolysis oil from end-of-life tires is an additional raw material source next to oil from mixed plastic waste. The new agreement stipulates that partners will conduct a joint feasibility study that targets the adaption of New Energy’s proprietary pyrolysis technology to the conversion of other plastic waste streams.