The company’s purpose is through environmentally friendly technology to operate a circular, financially profitable, sustainable activities in material recycling processes of plastic and other organic materials.
The company produces and sells end products from the chemical processes that convert plastic and organic material into liquid carbon compounds, together with industrial partners.
About BASF SE
With BASF as the future offtake partner, Circular Tires Holding AS will feed the oil into BASF’s production at the beginning of the value chain, thereby saving fossil resources, the share of recycled material is allocated to certain products manufactured in BASF product line.
BASF is a perfect match as a strategic Offtake partner for Pyrum Innovation AG and Circular Tires Holding AS. Innovation is the bedrock of BASF as an innovation leader in the chemical industry, with around 10,000 employees in research and development and R&D spending of around €2.1 billion.
BASF are building on these strength`s by bringing research and development closer together and making customers demands a greater part of the innovation process. Involving customers, expanding, partnerships with customers and external partners, BASF are working with partners to further develop the market and the pyrolysis technology which waste tires into a secondary raw material called pyrolysis oil.
«BASF and Pyrum Innovations AG, as communicated in a joint News release Of September 21st, 2020 have entered into a partnership with the Goal of making up to 100.000 tonnes per year of end-of-life tires pyrolysis oil available for purchase by BASF.»
BASF have secured a strategic ownership position in Pyrum Innovations AG, as they have invested 16 MIO Euro the company, now becomming and important and strategic supplier of high quality RCF ( recycled Carbon Fuel) for BASF.