BASF and Encina Development Group Partner on Circular Chemicals Manufacturing
Circular chemicals producer Encina Development Group LLC recently executed a strategic collaboration agreement with BASF supporting the development of Encina’s planned United States Gulf Coast circular chemicals manufacturing facility.
The collaboration agreement sets the framework for BASF to provide strategic advisory support services during the key project development phases, leading up to the Final Investment Decision, including advice on procurement strategy and project execution planning. The agreement also provides BASF with rights to participate alongside Encina in future project development opportunities, including potential equity participation.
The agreement builds upon the parties’ previously announced long-term supply agreement for chemically recycled circular benzene derived from waste streams. BASF intends to utilize these circular feedstocks within its broad Ccycled® product portfolio.
“Advancing circular economy solutions requires strong collaboration across the value chain,” said Thomas Ohlinger, senior vice president traded products at BASF. “Through this additional agreement with Encina, BASF continues to support the development of innovative approaches that increase the availability of circular feedstocks for the chemical industry and expand the use of circular raw materials in our production processes and Ccycled product portfolio. This demonstrates our strength as a partner with distinctive capabilities to support and shape early-stage projects beyond what pure off-takers can offer.”
Encina’s proprietary catalytic conversion technology transforms waste streams otherwise destined for landfills or incineration into circular products used within existing manufacturing supply chains. The company’s products are designed as drop-in circular feedstocks that support decarbonization and circular economy objectives across numerous industries.
Encina Development Group is an ISCC PLUS certified manufacturer of circular chemicals utilizing an integrated catalytic conversion process that transforms waste streams into valuable circular feedstocks and chemical products. Learn more at www.encina.com.
For additional information about BASF, visit www.basf.com.
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