{"id":59746,"date":"2022-03-30T12:11:37","date_gmt":"2022-03-30T10:11:37","guid":{"rendered":"https:\/\/packaging-journal.de\/?p=59746"},"modified":"2022-03-30T12:11:37","modified_gmt":"2022-03-30T10:11:37","slug":"basf-invests-in-oceanworks","status":"publish","type":"post","link":"https:\/\/packaging-journal.de\/en\/basf-investiert-in-oceanworks\/","title":{"rendered":"BASF invests in Oceanworks"},"content":{"rendered":"
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BASF Venture Capital invests in a young American company that offers a marketplace for the procurement of plastics from the sea and post-consumer recycled plastics.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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BASF Venture Capital GmbH (BVC), the corporate venture company of the BASF Group, is investing in Oceanworks. The young, American-based company is a provider of sustainable plastics solutions and makes traceability and transparency of recycled plastics possible with the help of digital solutions<\/strong>. The Oceanworks platform gives companies access to high-quality sources of plastic from the sea and so-called PCR plastics (post-consumer recycled products are made from recycled plastic and discarded materials).\u00a0<\/p>

Oceanworks offers a sophisticated solution with its global marketplace for recycled plastic materials and products. The young company makes it easier for its customers to source recycled plastics, which would otherwise add to the 11 million tonnes of plastic that flow into the sea every year. Digital blockchain technology, material quality assurance, global logistics and marketing support<\/strong> are part of Oceanworks' offering for customers and their partners.<\/p>

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The investment by BASF Venture Capital is Part of the seed financing of Oceanworks<\/strong> and enables the company to accelerate the development of its sourcing engine and track-and-trace verification for recycled plastic from the sea. The parties have agreed not to disclose the financial details of the investment.<\/p>

\u201eOceanworks\u201c traceability tools offer real added value in the reduction of plastic waste. With this investment and collaboration with Oceanworks, we are supporting BASF's goal of offering customers sustainable solutions to further optimise the production, use and recycling of plastics.\"<\/p>

Markus Solibieda<\/strong>, Managing Director of BASF Venture Capital<\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Developing technologies together<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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One example of BASF's commitment to reducing plastic waste in the environment is the Alliance against plastic waste in the environment<\/strong> (Alliance to End Plastic Waste,\u00a0AEPW<\/a>). BASF supports the AEPW as a founding member.<\/p>

\u201ePlastic waste in the environment is a major global challenge that no one can tackle alone. We need many different solutions and actors such as industry, politics and civil society working together. This is one of the reasons why BASF co-founded the Alliance to End Plastic Waste in 2019. Oceanworks is a great addition to achieve our ambitious goals.\u201c<\/p>

Dr Martin Kayser<\/strong>, Senior Vice President Corporate Projects at BASF<\/p><\/blockquote>

BASF and Oceanworks are now examining how they can Developing technologies together<\/strong> to accelerate plastic recycling and bring the new traceable ocean plastic materials to global customers.<\/p>

\u201eWe are delighted to be working with BASF to drive the growth of our new business model for the reliable sourcing of plastics, supported by real-time, digitalised traceability from shore to shelf.\u201c<\/p>

Vanessa Coleman<\/strong>, CEO of Oceanworks<\/p><\/blockquote>

Source:<\/em> BASF<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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BASF - More news<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tMetpack and BASF present home compostable material\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tBASF and Metpack present a new packaging paper with a home-compostable barrier coating. The solution is suitable for fatty and hot food - and can be disposed of in garden compost.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tOptimised recycling of plastics\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tBASF has launched a project with partners from science and industry to improve the mechanical recycling of plastics.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tThe recycling potential of compostable materials\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tThe \"Compostable by Design\" initiative was founded in October 2023. We spoke to Afsaneh Nabifar and Henk Vooijs about its goals.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tFocus on sustainable packaging and plastics\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tAt Fakuma, Siemens and BASF are presenting solutions to promote the circular economy. One highlight is the Sirius 3RV2 circuit-breaker.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tWorking together for a sustainable future\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tPerformance Materials at BASF presents its strategic roadmap for achieving carbon neutrality by 2050 and highlights milestones.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tPartnership for the supply of recycled raw materials\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tEncina, a producer of ISCC PLUS-certified recycled chemicals, and BASF have signed a long-term supply agreement for chemically recycled benzene derived from plastic waste.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"BASF Venture Capital invests in the young American company Oceanworks, which offers a marketplace for the procurement of plastics from the sea and post-consumer recycled plastics.","protected":false},"author":20,"featured_media":59747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"__cvm_playback_settings":[],"__cvm_video_id":"","rank_math_description":"BASF Venture Capital investiert in Oceanworks, das einen Marktplatz f\u00fcr die Beschaffung von Kunststoffen aus dem Meer und Post-Consumer-Recycelt Plastik bietet. ","rank_math_focus_keyword":"Oceanworks","rank_math_title":"","csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[58781],"tags":[65,58840,31,59596],"class_list":{"0":"post-59746","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-green-packaging","8":"tag-abfalltechnik-und-recycling","9":"tag-basf","10":"tag-nachhaltigkeit-und-green-packaging","11":"tag-oceanworks","12":"cs-entry","13":"cs-video-wrap"},"acf":[],"vimeo_video":null,"_links":{"self":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts\/59746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/comments?post=59746"}],"version-history":[{"count":0,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts\/59746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/media\/59747"}],"wp:attachment":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/media?parent=59746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/categories?post=59746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/tags?post=59746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}