en.Wedoany.com Reported - BASF has signed a cooperation agreement with Encina to provide strategic advisory support during the project's critical development phase up to the final investment decision, covering procurement strategy and project execution planning. The agreement also grants BASF the opportunity to participate in future project development alongside Encina, including potential equity investments.
This agreement builds on the previously announced long-term supply agreement for chemically recycled benzene from waste streams. BASF plans to use these circular feedstocks in its Ccycled® product portfolio, offering sustainable and circular material solutions to customers in industries such as packaging, textiles, automotive, and consumer goods.
Thomas Ohlinger, Senior Vice President of Trading Products at BASF, stated that advancing circular economy solutions requires close collaboration across the entire value chain. Through this additional agreement, BASF continues to support the development of innovative approaches to increase the availability of circular feedstocks in the chemical industry and expand the use of circular raw materials in its production processes and Ccycled® product portfolio. This demonstrates BASF's strength as a partner, possessing unique capabilities to support and shape early-stage projects that a pure off-taker cannot provide.
David Schwedel, Founder of Encina, noted that BASF's deepening relationship with Encina reflects the growing importance of scalable circular feedstock solutions within the chemical industry. Together, both parties are helping to drive the development of a new generation of circular chemical manufacturing that reduces waste while supporting global demand for sustainable products. This collaboration further validates Encina's technology, commercial platform, and long-term global development strategy.
Encina's catalytic conversion technology transforms waste streams that would otherwise be sent to landfills or incineration into circular products for use in existing manufacturing supply chains. The company's products serve as ready-to-use circular feedstocks, supporting decarbonization and circular economy goals across multiple industries.
In addition to supporting Encina's first commercial-scale project on the U.S. Gulf Coast, the agreement establishes a framework for both parties to evaluate future collaboration on other projects in international markets.
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