BASF approves Pyrum expansion loan

In 2020, chemical company BASF invested 16 million euros in Pyrum Innovations as part of its ChemCycling project and since then has purchased Pyrum pyrolysis oil, feed this into its production network for the manufacture of Ccycled products. BASF looks forward to significantly increasing the quantities of pyrolysis oil it uses when Pyrum brings planned new facilities online – and is now supporting this plant rollout through the signing of a cooperation agreement, under which it will initially provide Pyrum with 25 million euros of financing.