BASF, Quantafuel and REMONDIS have signed a Memorandum of Understanding to jointly evaluate a cooperation in chemical recycling including a joint investment into a pyrolysis plant for plastic waste. It is intended that REMONDIS, one of the world’s leading waste and water management companies, supplies suitable plastic waste to the plant, and BASF uses the resulting pyrolysis oil as feedstock in its production Verbund as part of its ChemCycling(TM) project. Quantafuel intends to provide the technology and to operate the plant. The company is a specialist for the pyrolysis of mixed plastic waste and the purification of the resulting pyrolysis oil; the technology is jointly developed and being held with BASF. The location of the pyrolysis plant will be evaluated together.