BioBTX has developed an integrated catalytic pyrolysis process (ICCP Technology) to produce renewable aromatics (benzene, toluene, xylene) from plastic waste and biomass. The company plans to build and launch the PETRA Circular Chemicals Plant in Delfzijl to scale the technology and convert 20,000 tons of plastic waste into renewable BTX annually. BioBTX says this will be the world’s first large‑scale plant to make aromatics from plastic waste and plants. The technology is positioned to replace fossil resources for applications including foams, coatings, PET bottles, batteries and pharmaceuticals. The recent financing package of over €80M will fund the plant build and initial commercial launch, with additional public grants and regional support included. BioBTX’s offices are located in Groningen and the company intends to expand globally once production is proven.

Total raised

$81M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Jun 2024