The business opportunity of BioBTX
The business opportunity of BioBTX lies in the combination of sustainability and an effective and efficient technology. BioBTX distinguishes itself from competitors with its unique integrated two-step technology. The technology has proven itself on pilot scale and is now ready to be scaled up to the first commercial demonstration plant.
The BioBTX technology can also be integrated into (existing) pyrolysis and gasification plants to move from fuels and energy to valuable chemicals.
Sustainable BTX provide more business opportunity compared to regular BTX
The market for BTX continues to grow. Last year over a hundred metric million tonnes of BTX has been produced – all from fossil resources. Sustainable BTX is desperately needed and BioBTX is here to provide it.
Governments are stimulating more initiatives committed to circular economy and reducing greenhouse gas emissions to combat climate change. Companies are also striving to become more sustainable and circular as their consumers are becoming more aware of the impact of their consumption habits have on the environment.
In 2018 27 countries have implemented carbon taxes, and more are predicted to follow. As the production of sustainable BTX emits fewer greenhouse gasses than the production of regular BTX, sustainable BTX will become more appealing.
We are currently improving our technology to produce sustainable BTX as efficiently and cost-effectively as possible. The goal is to provide our BTX at a more competitive price than traditional BTX.
Once sustainable BTX can be produced on a large scale its production costs will be attractive for manufacturers using BTX as a resource. Traditional BTX is created using fossil resources; materials that are valuable and will become increasingly more valuable as supplies continue to dwindle. Our BTX is different, as it is created using sustainable feedstock and end-of-life plastics. Most of the resources we turn into BTX are considered waste, which is where our business opportunity lies: waste is unwanted and cheap, while fossil resources are highly sought after and expensive.