Covestro invests in BioBTX to demostrate waste-based chemical production

In the Netherlands, by participating as a strategic partner in the company BioBTX, Covestro is enabling the construction of the world’s first innovative demonstration plant for the BioBTX ICCP-Technology in the Netherlands. The technology makes it possible to produce chemicals such as benzene, toluene and xylene from organic and mixed plastic waste. These aromatics are essential building blocks for the chemical industry and are used in plastics production, among other things.

Covestro is investing a mid-single-digit million Euro amount in the scale-up from the Netherlands. In addition to Covestro, the financial investors Invest-NL and Infinity Recycling are also involved in the project. Once operational, the demonstration plant will convert 20 kilotons of mixed plastic waste per year. Following successful upscaling of the technology over the past years, the demonstration plant is a crucial intermediate step for the technology to be implemented on an industrial scale.