LUDWIGSHAFEN, Germany—BASF S.E. has announced an uptake supply agreement with New Energy, a Budapest-based technology company specializing in the pyrolysis of end-of-life tires.
Each year, New Energy will supply BASF with up to 4,000 metric tons of pyrolysis oil derived from waste tires, according the agreement signed between the two companies.
BASF already has utilized first volumes of the pyrolysis oil from pilot-phase production at BASF's integrated chemical production site in Ludwigshafen.
The ELT program is an addition to BASF's ChemCycling project, which since 2018, has involved chemically reprocessing post-consumer plastics waste on an industrial scale.
"So far, there was no technology that allowed the recycling of pyrolysis oil from tires into high-value applications," said Christian Lach, BASF's project leader for ChemCycling. "By further broadening our raw material base to waste tires, we can create a new circular value stream.
"Moreover, we establish a second recycled feedstock in our ChemCycling project with which we can manufacture high-performance products," he said.
Waste tires, noted BASF, fall within the definition of post-consumer plastic waste according to DIN EN ISO 14021:2016-07.