At PETRA, our first-of-a-kind demonstration plant, we will turn up to 22,400 tonnes of mixed plastic waste per year into renewable benzene, toluene and xylene (BTX), the building blocks for everyday products such as plastics, coatings and textiles.
Funding
The PETRA industrial plant was selected to receive up to EUR 20.8 million in funding under the IF24 Net-Zero Technologies mid-scale call. It is one of the first-of-a-kind plants to be selected by the EU Innovation Fund.
About the EU Innovation Fund
The Innovation Fund is one of the world’s largest funding programmes for the demonstration and commercialisation of innovative low-carbon technologies. It is financed by revenues from the auctioning of allowances under the EU Emissions Trading System (EU ETS) and is managed by CINEA on behalf of the European Commission.
Project coordinator
BioBTX
Groningen, The Netherlands
Participants
PCP
Groningen, The Netherlands
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2023
Concept Engineering
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June 2024
BioBTX achieves financial close
BioBTX secures 80 million Euros
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September 2025
Basic Engineering & FEED
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October 2025
Building permit granted
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April 2026
BlueAlp is selected as the technology partner
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July 2026
Definitive Environmental permit granted
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July 2026
BioBTX takes positive FID decision for PETRA project
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October 2026
BioBTX received EU Innovation Fund for its PETRA project
20.8 million Euros
Funded by the European Union
Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.