{"id":15069,"date":"2024-06-03T15:14:20","date_gmt":"2024-06-03T15:14:20","guid":{"rendered":"http:\/\/TheNextWeb=1407202"},"modified":"2024-06-03T15:14:20","modified_gmt":"2024-06-03T15:14:20","slug":"dutch-startup-biobx-bags-e80m-to-turn-plastic-waste-into-hydrocarbons","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15069","title":{"rendered":"Dutch startup BioBX bags \u20ac80M to turn plastic waste into hydrocarbons"},"content":{"rendered":"\n

A Dutch startup<\/a> has devised a way to convert mountains of plastic waste into chemicals essential for the production of a wide range of goods, from bottles to batteries. <\/span><\/p>\n

BioBTX has patented the process \u2014 known as <\/span>Integrated Cascading Catalytic Pyrolysis \u2014 <\/span>and just secured \u20ac80mn to scale it up. <\/span><\/p>\n

Armed with the fresh funds, the company will build a factory in Groningen capable of converting 20,000 tonnes of plastic waste a year into chemicals like benzene, <\/span>toluene, and xylene<\/span>. Scientists refer to these hydrocarbons as aromatic compounds due to their unique smell.<\/span><\/p>\n

Aromatics form the building blocks of the chemicalindustry. Everything from drugs to nylon clothing and wind turbine blades make us of aromatic compounds.  <\/span><\/p>\n

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While the chemicals occur in nature, most are made by humans using crude oil. By turning plastic waste into a resource, BioBTX wants to reduce the amount of oil that needs to be pumped out of the ground, slashing emissions.<\/span><\/p>\n

The chemicals manufacturer has been operating a demonstration facility at the PETRA Circular Chemicals Plant in Delfzijl, the Netherlands, since April 2022. Last year, it <\/span>partnered with Norwegian recycling company Agilyx<\/span> to explore the possibility of opening a much bigger factory, which is now under development. <\/span><\/p>\n

BioBTX is tapping a huge market. Global demand for benzene alone was valued at <\/span>$46bn in 2023, and is expected to almost double by 2031.<\/span> <\/span><\/p>\n

Perhaps that\u2019s how the startup managed to secure such a sizeable investment, despite the currently challenging <\/span>funding environment<\/span><\/a>.<\/span><\/p>\n

\u201cThis funding is a crucial step in creating a sustainable pathway for the chemical industry \u2014 and we are excited to take the lead from Groningen,\u201d said Ton Vries, CEO of BioBTX. <\/span><\/p>\n

The \u20ac80mn investment round includes backing from Invest-NL, private equity investor Infinity Recycling, and German chemical firm Covestro. The Dutch government also added \u20ac14mn to the pot, in a show of state support for the technology.<\/span><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Dutch startup has devised a way to convert mountains of plastic waste into chemicals essential for the production of a wide range of goods, from bottles to batteries.  BioBTX has patented…<\/p>\n","protected":false},"author":1,"featured_media":15070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15069"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15069"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15070"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}