BASF invests in Quantafuel to jointly drive chemical recycling of mixed plastic waste

| October 9, 2019

article image
BASF is to invest €20 million into Quantafuel, a specialist for pyrolysis of mixed plastic waste and purification of pyrolysis oil, headquartered in Oslo, Norway. The investment will be facilitated via the subscription of new shares and via the grant of a convertible loan. Together, the partners aim to further develop Quantafuel’s technology for chemical recycling, consisting of an integrated process of pyrolysis and purification, towards optimizing the output for the use as feedstock in chemical production. In a second step, Quantafuel also plans to license the jointly developed technology to other parties. 

Spotlight

Wego Chemical Group

Wego Chemical Group—a privately owned and operated firm—is a global supplier and distributor of chemicals, minerals, and raw materials. We offer a variety of chemical products with diverse applications and uses, servicing a wide range of industrial and distribution markets. Since inception in 1978 our philosophy has been founded upon the sourcing and development of competitive chemical supply originating from the Pacific Rim, with a strong emphasis on China, Taiwan, Korea, Japan, India, and Indonesia.

OTHER ARTICLES

Improving 3D Chemical Visualization of Subsurface Structures

Article | February 19, 2020

A Raman microscope combines a Raman spectrograph and a light microscope to gain chemical and structural information from materials down to the micron scale. Raman spectroscopy observes when the wavelength of light changes as it interacts with a molecule. The different wavelengths seen in Raman scattering can identify and study vibrational, rotational, and bending forces within chemical bonds of a molecule.

Read More

What the Coronavirus could mean for the global petrochemical industry?

Article | March 10, 2020

Coronavirus (covid-19) has developed rapidly and is already impacting significant parts of the global economy. Within this context the petrochemical industry is also being severely affected through short-term market uncertainties, pricing volatility and declining consumption in many of its key segments. The most visible outcome is emanating from China where economic activity has declined sharply in February and is forecast to remain low over the next few months. The effect of China’s economic slowdown is now resulting in consequences in other regions – “when china sneezes, the whole world catches a cold”.

Read More

Global polyethylene demand boom likely, increasing the sustainability challenge

Article | June 15, 2021

IT FEELS LIKE several lifetimes ago. If you recall, way back in November-December 2019 Asian variable cost integrated naphtha-based polyethylene (PE) margins turned negative because of the increase in US capacity. Then in January the following year, deep Asian and Middle East operating rate cuts returned some order to the market. Then, bang, as we all know, the pandemic arrived and turned everything on its head. The pandemic has, in my view, accentuated trends that were already well underway. I believe this means that the supply-driven downturn that started in late 2019 will not return.Long before coronavirus upended everyone’s lives, PE demand was becoming increasingly divorced from GDP growth because of the shifting nature of end-use demand. Booming internet sales was, I believe, a major factor behind the split between the growth of the overall economies in the developed world plus China and PE demand.The average product bought online is dropped 17 times because of the large number of people involved in the logistics chain, according to Forbes. This had led to a surge in demand for protective packaging made not from PE and other polymers such as polypropylene, expandable polystyrene and PET films (I will look at their demand growth prospects in later posts).Despite sustainability pressures, the scale of demand for stuff bought online translated to a lot more consumption of virgin polymers.

Read More

What is Rate of Reaction and Why is It Important For The Chemical Industry?

Article | February 18, 2020

It would not be an exaggeration to say that the rate of reaction is the true lifeline of the chemical industry in India, and the whole world. A lower rate of reaction would mean, chemical manufacturers can produce products at much faster rates which gives them a great competitive advantage over others. The chemical industry strives to create a faster rate of reactions as it impacts revenue goals.

Read More

Spotlight

Wego Chemical Group

Wego Chemical Group—a privately owned and operated firm—is a global supplier and distributor of chemicals, minerals, and raw materials. We offer a variety of chemical products with diverse applications and uses, servicing a wide range of industrial and distribution markets. Since inception in 1978 our philosophy has been founded upon the sourcing and development of competitive chemical supply originating from the Pacific Rim, with a strong emphasis on China, Taiwan, Korea, Japan, India, and Indonesia.

Events