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BASF recently announced that it will invest 20 million euros in Oslo, Norway-based Quantafu.
BASF recently announced that it will invest 20 million euros in Oslo, Norway-based Quantafu.
Quantum Fuels is a specialized company dedicated to pyrolysis of mixed plastic waste and purification of pyrolysis o.
Advance thermal cracking and purification technology Advance thermal cracking and purification technology
The partnership will further develop the chemical recovery technology of quantum fuels, including integrated processes of thermal cracking and purification, to achieve optimized mass production of feedstocks in chemical producti.
It is understood that Quantum Fuel plans to start a thermal cracking and purification plant with an annual nameplate capacity of about 16,000 tons in the Skive region of Denmark in the fourth quarter of 201 As part of the investment agreement, BASF will have priority access to all pyrolysis oils and purified hydrocarbons from Quantum Fuels' SKIVE plant for at least four years after it is commission.
The cooperation between BASF and Quantum Fuel will further develop the chemical recycling technology of Quantum Fuel, including the integrated process of thermal cracking and purification, to achieve optimized mass production of feedstocks in chemical producti.
The cooperation between BASF and Quantum Fuel will further develop the chemical recycling technology of Quantum Fuel, including the integrated process of thermal cracking and purification, to achieve optimized mass production of feedstocks in chemical producti.
Plans to build a joint venture plant to produce pure hydrocarbons
Plan to build a joint venture to produce pure hydrocarbons Plan to build a joint venture to produce pure hydrocarbonsOnce Quantum Fuel's Danish plant is at full capacity, BASF will realize the first commercial supplies of CycCynGnTM products, products made from chemically recycled plastic waste to select custome.
"This investment underlines BASF's commitment to the sustainable use of resources and the development of a circular economy model for plastics," said Hartwig Michels, President of BASF Petrochemica.
"We are very honored to have the financial and human resources of BASF, which will help us further explore unique purification technologies for recycling various mixed plastic wastes, and strive to become a pioneer in this fie.
"Our long-term strategic partner VITOL A, the world's largest independent energy trader, has agreed to open up our existing collaboration to facilitate collaboration between BASF and Quantum Fue.
We have now established the basis for mass production, which could have a meaningful impact on the environmental challenges facing plastic waste worldwi.
The chemical cycle faces the dual challenges of technology and regulation The chemical cycle faces the dual challenges of technology and regulation
BASF launched its chemical recycling project (ChemCycling) in 2018 to process plastic waste from its integrated production plants into recycled raw materia.
The percentage of recycled raw materials in the end product is determined using a certified mass balance meth.
In addition, the incentive to recycle content applies equally to all types of recycling, and we also need to fully embrace a mass balance approa.
"
