Braven PyChem is ISCC PLUS certified and manufactured using the company’s proprietary pyrolysis technology, produced from plastic waste streams diverted from landfills and incineration.

BASF intends to use PyChem in its ChemCycling process where the share of recycled plastics is attributed to certain products manufactured in the value chain using a third-party audited mass balance approach. These products have the same properties as those manufactured from fossil feedstock. According to BASF, customers will be able to further process them in the same way as conventionally manufactured products and use them in applications such as in the construction or automotive industries.

“Solving the challenge of plastic waste and creating a more circular economy requires innovation and collaboration across the value chain,” said Christoph Gahn, vice president of Circularity & Sustainable Raw Materials Petrochemicals at BASF. “This offtake agreement with Braven is an important step toward the commercialization of our Ccycled portfolio in North America.”

Jim Simon, CEO of Braven, added: “This collaboration will accelerate the deployment of our patented pyrolysis technology, helping to transform plastic waste into valuable resources. With BASF’s global expertise and dedication to sustainability, we are well-positioned to drive meaningful change in the circular economy and reduce the environmental impact of plastic waste.”