BASF SE has signed an uptake supply agreement with New Energy, which specializes waste tyre pyrolysis and is headquartered in Budapest, Hungary. According to the agreement, New Energy will supply BASF with up to 4,000 metric tonnes of pyrolysis oil per year derived from waste tyres. In a pilot phase, the first volumes of the pyrolysis oil have already been used in BASF’s integrated chemical production site in Ludwigshafen, Germany.