09 Oct 2019 --- As part of its ChemCycling project, BASF will invest €20 million (US$22 million) in Quantafuel, a specialist for the pyrolysis of mixed plastic waste and the purification of pyrolysis oil. The partners aim to further develop Quantafuel’s technology for chemical recycling, consisting of an integrated process of pyrolysis and purification, towards optimizing the output for the use as feedstock in chemical production. In a second step, Quantafuel also plans to license the jointly developed technology to other parties. The investment will be facilitated via the subscription of new shares and via the grant of a convertible loan.
