Encina and BASF Collaborate on Advancement of Circular Chemicals
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. This includes 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 on previously announced long-term supply agreement for chemically recycled circular benzene derived from waste streams. BASF intends to use these circular feedstocks within its broad Ccycled® product portfolio.
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.
In addition to supporting Encina’s first commercial-scale U.S. Gulf Coast project, the agreement establishes a framework for evaluating future collaboration opportunities between the parties for additional projects across international markets.
Learn more about Encina Development Group at encina.com. Additional information about BASF is available at basf.com.
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