Strategic Initiative Details
Collaboration Structure
Rain Carbon Inc. (wholly owned subsidiary of Rain Industries Limited) and BioBTX BV (circular chemistry technology developer based in Groningen, Netherlands) have entered into a strategic collaboration to bring renewable aromatic products to the chemical industry.
BioBTX Commercial Plant
- BioBTX made positive Final Investment Decision (FID) in July 2026 for construction of first commercial-scale plant in Delfzijl, Netherlands
- Plant will use proprietary Integrated Catalytic Cracking Process (ICCP) technology
- Facility will be world's first dedicated greenfield plant to convert plastic waste into renewable aromatic oil
- Production capacity: approximately 10,000 tonnes per year of renewable aromatic oil
- Products: benzene, toluene, xylenes and other aromatic products
- Expected operational date: early 2028
Rain Carbon's Role
- Rain Carbon will convert BioBTX's circular aromatic oil into benzene, phthalic anhydride, and other aromatic derivatives
- Products will meet same rigorous quality and performance standards as conventional fossil-based products
- Enables customers to reduce carbon footprint of supply chains without compromising product performance
Market Demand & Applications
- Significant interest from companies serving pharmaceuticals, coatings, toys, and automotive applications
- Growing demand for products with higher recycled content and lower carbon footprints
- Creates need for circular raw materials in supply chains
Management Commentary
Kris Vanherbergen, EVP Carbon Distillation & Advanced Materials, Rain Carbon:
- Partnership aligns with Rain Carbon's mission to create value from alternative carbon sources
- Combination of BioBTX's innovative technology with Rain Carbon's aromatic processing expertise
- Will provide renewable, drop-in solutions for circular and sustainable future
Ton Vries, CEO BioBTX:
- Significant interest in renewable aromatic oil from various industries
- Collaboration will help customers build more sustainable supply chains
- Accelerate transition to circular economy
Company Background
BioBTX BV:
- Leading circular chemistry technology developer based in Groningen, Netherlands
- Founded in 2012
- Develops technologies that replace fossil resources with plastic waste and biomass
- Produces drop-in chemicals and renewable aromatics (BTX)
- Successfully demonstrated ICCP technology at pilot plant in Groningen
- Beyond first plant, aims to roll out and license technology to partners worldwide
- Mission: make circular chemistry possible and accelerate transition to defossilised, circular chemical industry
Rain Carbon Inc.:
- Wholly owned subsidiary of Rain Industries Limited (NSE: RAIN)
- Headquarters in Dover, Delaware, USA
- Global, vertically integrated supplier of carbon-based and chemical products
- Carbon segment converts industrial by-products into high-value carbon materials and intermediate chemicals
- Advanced Materials segment refines output into eco-friendly, specialized chemical products
- Serves aluminum, green steel, graphite, energy storage, tire, adhesive, coatings, pigment and specialty chemicals industries
Forward-Looking Statements
Press release contains forward-looking information and statements subject to risks and uncertainties including outcome of collaborative research project. Readers cautioned against unduly relying on forward-looking statements.