This makes the company one of the initiators who are committed to establishing a ʼChain of Custodyʼ for recycled plastic in the material cycle. The initiative takes place in close cooperation with the Dutch government.
Through the Green Deal, transparency about the recycled material is obtained and passed on throughout the value chain. The aim is to jointly take further steps in the creation of a circular economy. Other parties from the industry also contribute to the Green Deal: the plastics industry associations (NRK and NRK-Recycling, PlasticsEurope Nederland), BASF, Morssinkhof Rymoplast, SABIC, Philips, Unilever and NEN. In the next step, the ambition will be to introduce the methodology in comparable European standardization initiatives.
ˮWe are pleased that industry and government are gathering around the table in this Green Deal to further develop the circular economy. With the efficiency and scale of our integrated production, we as a chemical company can make a substantial contribution to this. The ambition to bring this to the European level is also a great added value in this cooperation,ˮ says Jurgen Hoekstra, Managing Director BASF Nederland.
Chemical recycling: converting plastic waste into new raw material
With ChemCyclingTM, BASFʼs feedstock recycling project, the company aims to make products on an industrial scale from recycled plastic waste. Chemical recycling offers another option to recover as much plastic waste as possible for new products. BASF is currently working with a number of customers to create prototypes of products based on chemically recycled waste.
Investment in Quantafuel to further develop feedstock recycling
BASF has invested € 20 million in the Norwegian company Quantafuel, which specializes in the development of pyrolysis of mixed plastic waste and in the purification of pyrolysis oil. Both parties will work closely together to further develop Quantafuelʼs feedstock recycling technology so that the substances produced can be used as feedstock in the chemical production process. Once the plant is operating at full capacity, BASF will be able to deliver commercial volumes of products based on chemically recycled waste to its customers.