o	More recycling of plastic waste which would otherwise be incinerated
o	Favorable regulatory environment decisive for implementation

April 21, 2021 - BASF, Quantafuel and REMONDIS have signed a Memorandum of
Understanding (MoU) 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 chemical company
BASF uses the resulting pyrolysis oil as feedstock in its production Verbund as
part of its ChemCyclingTM 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