Significant investment in BioBTX for first commercial circular chemical plant

The total investment exceeding € 80 million in BioBTX comprises € 42 million in equity from new and existing shareholders, including Infinity Recycling, Covestro, NOM, Groninger Groeifonds, and Carduso Capital. Additionally, the financing includes € 15 million in debt financing from the Polestar Capital Circular Debt Fund and € 4 million from Provincie Groningen. The Dutch government is supporting this project with a € 14 million subsidy through the RVO, alongside various other grants.

This investment underscores the confidence of Invest-NL and other financiers in BioBTX's innovative technology, which significantly contributes to reducing CO2 emissions and decreasing reliance on fossil resources. Utilizing its unique Integrated Cascading Catalytic Pyrolysis (ICCP) technology, BioBTX transforms waste plastics and biomass (such as wood and plant residues) into new, usable chemicals. BioBTX's technology offers a sustainable solution for producing essential chemicals, including aromatics like benzene, toluene, and xylene (BTX), which are used in everyday products such as insulation materials, coatings, PET bottles, batteries, and pharmaceuticals.

Marjella de Vries, senior investment manager at Invest-NL, stated: "Our investment in BioBTX supports a critical technology that not only helps reduce CO2 emissions but also accelerates the transition to a circular economy. The composition of the financing for this first commercial plant demonstrates how public and private parties can collaborate to achieve substantial investments in sustainable innovations. Thanks to the InvestEU guarantee, we have been able to significantly increase our investment.”

Invest-NL remains committed to supporting innovative solutions that contribute to a sustainable and circular economy. With this investment in BioBTX, Invest-NL reaffirms its role as a key catalyst for sustainable and circular initiatives in the Netherlands and beyond. This is the fourth time Invest-NL has utilized the InvestEU guarantee as an implementation partner for an investment.