BioBTX

Theme
Biobased & Circular economyDate
May 30, 2024Investment
€ 18 millionType of investment
EquityLocation
GroningenInvest-NL proudly announces an investment of € 18 million in BioBTX, a pioneer in sustainable chemical technologies. BioBTX will use these funds to construct the PETRA Circular Chemicals Plant in Delfzijl, where 20,000 tonnes of mixed plastic waste will be converted annually into valuable, renewable aromatics.
Invest-NL's investment in BioBTX is supported by the InvestEU guarantee
The InvestEU programme provides the EU with crucial long-term financing by attracting substantial private and public resources to support a sustainable recovery. It will also help mobilise private investments for the EU's policy priorities, such as the European Green Deal and the digital transition. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund will be implemented through financial partners who will invest in projects using the EU budget guarantee of EUR 26.2 billion. The full budget guarantee will support the investment projects of the implementing partners, increase their risk-bearing capacity, and aims to mobilise more than EUR 372 billion of private investments.
Questions about this investment? Marjella is happy to help!
Marjella de Vries
sr. investment manager
