{"id":70643,"date":"2020-01-21T07:38:19","date_gmt":"2020-01-21T06:38:19","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=70643"},"modified":"2020-01-16T15:04:27","modified_gmt":"2020-01-16T14:04:27","slug":"biobtx-investments-to-realize-commercialization-ambitions","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/biobtx-investments-to-realize-commercialization-ambitions\/","title":{"rendered":"BioBTX \u2013 investments to realize commercialization ambitions"},"content":{"rendered":"
\"BioBTX-2\"
Photo: Corn\u00e9 Sparidaens<\/figcaption><\/figure>\n

BioBTX is able to take significant steps in its ambition to realize a commercial plant to produce platform chemicals from waste plastics with a full circular and sustainable process. Three existing and two new investors have decided to finance the next steps. Carduso Capital, Vries Beheer and Lynnovation followed up on earlier investments, whilst Groeifonds of the Economic Board Groningen and NOM opted for co-financing.<\/strong><\/p>\n

BioBTX is an innovative technology provider for the\u00a0conversion of end-of-life materials and biomass into platform chemicals, i.e. aromatics, such as Benzene, Toluene and Xylenes (BTX). These are essential to the production of high-value specialty products, such as clothing, carpets, construction materials, medicines, cosmetics and wind turbine blades.<\/p>\n

Producing sustainable BTX on a commercial basis<\/h3>\n

BioBTX is now ready for the next step \u2013 the first commercial production facility for sustainable aromatics in the world, which is planned to be built in 2023. In December 2019, a Series B investment round was completed, enabling BioBTX to take this significant step to realizing its ambitions for a commercial plant that will use waste plastics as feedstock. This facility will be a global first in producing sustainable aromatics on a commercial basis, enabling production of circular plastics. The Series C investment round for building the plant will commence in 2020.<\/p>\n

\u201cThis investment represents a significant impulse for our plans\u201d, according to Pieter Imhof, CEO of BIOBTX. \u201cBioBTX has a perfect fit with Northern Netherlands\u2019 sustainability ambitions and the commercial plant will be a very valuable contribution.\u201d<\/p>\n

The unique technology behind BioBTX<\/h3>\n

BioBTX has developed the\u00a0Integrated\u00a0Cascading Catalytic Pyrolysis (ICCP) process, which contributes to a fully circular and biobased economy with a sustainable production of platform chemicals from end-of-life materials or non-food biomass. The unique integration of two steps achieves a high flexibility in feedstock and process conditions. The use of waste plastic or non-food biomass results in significant CO2<\/sub> reductions, avoids incineration or landfill, and replaces the current use of oil as raw material.<\/p>\n

The technology has been proven on lab and pilot scale with\u00a0a number of\u00a0patents and further IP under development.\u00a0 A\u00a0production unit for liquid biomass with a 10kg feed\/hr capacity has been operational since September 2018\u00a0with proven performance and catalyst lifetime.\u00a0An\u00a0additional unit for solid biomass as well as plastics & composites was installed in 2019 to demonstrate full circularity options with the ICCP technology.<\/p>\n

Pieter Imhof continued \u201cAt BioBTX we have a science-based and low-key pragmatic approach. It has enabled us to quietly take a giant leap forward towards the production of cost-effective sustainable aromatics. This will be a gamechanger. I am very proud of what my team and our partners have achieved.\u201d<\/p>\n

 <\/p>\n

About BioBTX – A revolutionary company<\/h3>\n

BioBTX was started by regional entrepreneurs KNN and Syncom, with technical and scientific contributions from Groningen University (RUG). The company has its facilities for the\u00a0production of sustainable platform chemicals in Groningen, the Netherlands.<\/p>\n

BioBTX was the first to make 100% bio-based PET, as demonstrated by the cosmetics container lids and winning the Bio-based Innovation award Europe 2016.<\/p>\n

The company has been selected by The Sustainable Packaging Coalition and The Center for the Circular Economy <\/a>at Closed Loop Partners among five entrepreneurs and start-ups that are capable of successfully recovering multi-material flexible packaging waste for new applications.<\/p>\n

 <\/p>\n

Contact<\/h3>\n

BioBTX
\nPhone: +31651521179
\nE-Mail: info@biobtx.nl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BioBTX is able to take significant steps in its ambition to realize a commercial plant to produce platform chemicals from waste plastics with a full circular and sustainable process. Three existing and two new investors have decided to finance the next steps. Carduso Capital, Vries Beheer and Lynnovation followed up on earlier investments, whilst Groeifonds […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[10416,10408],"supplier":[12540,14729,604],"class_list":["post-70643","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-circulareconomy","tag-greenchemistry","supplier-biobtx","supplier-closed-loop-partners","supplier-sustainable-packaging-coalition"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/70643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=70643"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/70643\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=70643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=70643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=70643"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=70643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}