BioBTX lands $86M for first commercial-scale renewable aromatics plant

In the Netherlands, BioBTX, a developer of renewable aromatics technology in the Netherlands, has secured over €80 million to launch its first commercial-scale plant. This investment will fund the world’s first renewable chemicals plant utilizing BioBTX’s ICCP Technology to produce sustainable aromatics (BTX) from plastic waste and biomass.

By converting plastic waste and biomass into renewable aromatics, BioBTX is spearheading the creation of a circular chemical industry, significantly reducing carbon emissions and reliance on fossil fuels. Aromatics, essential for producing every-day products like insulating foams, coatings, PET bottles, batteries, and pharmaceuticals, will now have a sustainable alternative to fossil-based sources, presenting a major opportunity for circular business models.