Encina and BASF Establish Long-Term Partnership for Supply of Circular Raw Materials
2024年6月20日 - 9:11PM
ビジネスワイヤ(英語)
- Long-term supply agreement for chemically recycled circular
benzene derived from post-consumer end-of-life plastics
- BASF strengthens circular economy by integrating more
chemically recycled, circular-based raw materials into its
production processes
- The use of circular benzene supports a more sustainable product
offering to BASF’s customers
Today, Encina Development Group, LLC (Encina), a manufacturer of
ISCC PLUS certified circular chemicals, and BASF announced a
long-term supply agreement for chemically recycled circular benzene
derived from post-consumer end-of-life plastics. The agreement
marks a pivotal moment in sustainable sourcing, as BASF strengthens
the circular economy by integrating more chemically recycled,
circular-based raw materials into its production processes. BASF
will use the chemically recycled benzene for its broad Ccycled®
product portfolio.*
“The use of benzene derived from post-consumer plastics as raw
material in BASF’s value chains underscores our ongoing commitment
to transition towards non-fossil and circular alternatives,” stated
Thomas Ohlinger, Vice President Traded Products at BASF. “Through
our partnership with Encina, we drive BASF’s transformation by
increasing recycling-based feedstocks to offer more Ccycled
products to our customers, for example in the packaging, textile
and automotive industries.”
Encina’s circular chemicals are key ingredients used in the
production of everyday and novel plastics. Encina’s proprietary
catalytic technology produces drop-in quality and high yield
circular feedstocks.
“Encina is proud to partner with BASF, an industry leader
renowned for its commitment to innovation and sustainability,” said
David Roesser, PhD, and Chief Executive Officer of Encina. “This
agreement is a big step on the transformative journey towards a
truly circular economy, where waste is minimized, and resources are
maximized for a more sustainable future.”
BASF’s approach towards achieving circularity encompasses the
increasing use of recycled and renewable feedstocks, shaping new
material cycles and creating new business models. The collaboration
with Encina exemplifies BASF’s dedication to implementing
cutting-edge solutions to accelerate the feedstock
transformation.
Roesser added, “our agreement with BASF demonstrates that
circularity is not just a concept but a tangible reality within our
reach.”
*In the production of Ccycled® products,
conventional fossil raw materials required to manufacture BASF
products are replaced with recycled feedstock from the chemical
recycling of plastic waste along BASF’s integrated production
chain. The corresponding share of recycled feedstock, e.g.,
benzene, is attributed to the specific Ccycled product via a
certified mass balance approach. BASF sites and Ccycled products
are third-party certified according to internationally recognized
certification schemes like REDcert2 and ISCC PLUS and meet the
definitions by ISO 22095:2020.
About Encina Development Group
Encina Development Group is an ISCC Plus manufacturer of
circular chemicals using an integrated single-stage catalytic
conversion process, derived from end-of-life plastics otherwise
bound for landfills or incineration. Encina’s technology breaks
waste plastics down to the molecular level reducing the amount of
fossil feedstocks required to create high-value, industrial-grade
circular chemicals. These circular chemicals form the building
blocks that global manufacturing customers use to meet their
renewable content goals while enabling the use and reuse of
plastics in industries such as consumer products, packaging,
pharmaceuticals, and construction. To learn more visit
www.encina.com.
About BASF
At BASF, we create chemistry for a sustainable future. We
combine economic success with environmental protection and social
responsibility. Around 112,000 employees in the BASF Group
contribute to the success of our customers in nearly all sectors
and almost every country in the world. Our portfolio comprises six
segments: Chemicals, Materials, Industrial Solutions, Surface
Technologies, Nutrition & Care and Agricultural Solutions. BASF
generated sales of €68.9 billion in 2023. BASF shares are traded on
the stock exchange in Frankfurt (BAS) and as American Depositary
Receipts (BASFY) in the United States. Further information at
www.basf.com.
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Alison Jahn ajahn@encina.com +1 425-919-4262