1. BASF signs agreements with New Energy for uptake of pyrolysis oil derived from waste tires and for a joint feasibility study

    Ludwigshafen, Germany and Budapest, Hungary – September 1, 2020 – BASF SE (“BASF”) signed an uptake supply agreement with New Energy, a technology company specialized in the pyrolysis of waste tires, headquartered in Budapest, Hungary. According to the agreement, New Energy will supply BASF with up to 4,000 metric tons of pyrolysis oil per year derived from waste tires. In a pilot phase, first volumes of the pyrolysis oil have already been utilized successfully in BASF’s integrated chemical production site (Verbund) in Ludwigshafen, Germany.

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