Arrests for packaging recycling fraud worth millions
Credit notes worth more than six million pounds are said to have been sold for packaging that was allegedly recycled.
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BASF and Sulzer Chemtech have signed a letter of intent for a strategic partnership. The two companies want to work on sustainable technologies for converting mixed plastic waste into recyclable materials. Renewable fuels are also to be developed.
BASF and Sulzer Chemtech (GTC Technology) have signed a memorandum of understanding in order to Development of technologies for renewable fuels and chemically recycled plastics and thus expand the sustainability portfolio of both partners. With this strategic partnership, the two companies are pursuing the goal of reducing greenhouse gas emissions from renewable diesel and sustainable paraffin. They also intend to accelerate the development innovative, cost-effective chemical process technology to drive forward the conversion of plastic waste in new plastic products.
„Global plastic waste pollution and sustainable mobility are challenges that we can help solve together with our partners. This is exactly why we at BASF are entering into strategic collaborations to protect our planet's resources and change the way we do business. We look forward to working with Sulzer Chemtech and leveraging our combined strengths to reduce plastic waste and drive the use of more sustainable fuels.“
Detlef Ruff, Senior Vice President Process Catalysts at BASF
As an established licensor of process technologies for renewable fuels and chemical recycling of plastics, Sulzer Chemtech is committed to Promote the use of sustainable resources and manufacturers around the world to help them achieve their net-zero emissions targets. BASF Process Catalysts is pursuing several initiatives to Conversion of plastic waste into secondary raw materials. These include the newly developed PuriCycle portfolio and the provision of adsorbents and catalysts for the production of clean and renewable fuels.
„Our process engineering development team is constantly looking for new ways to make processes more sustainable in terms of the circular economy. The Memorandum of Understanding signed with BASF offers us the opportunity to expand our portfolio and generate added value in our value chain for renewable fuels and plastics recycling. We look forward to working with BASF. Together we want to bring advanced technologies to the market that will help our customers achieve their net-zero emission targets even faster.“
Torsten Winter Barley, President at Sulzer Chemtech
Source: BASF
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