In the third call for small-scale projects under the EU’s ‘Innovation Fund,’ NextChem Tech and MyRemono have signed a grant agreement to implement the BOOST project. This project aims to establish an industrial-scale plant using NXRe PMMA continuous modular technology, which was developed by MyRemono, a subsidiary of NextChem. The plant will have a capacity of 5000 tpy and will produce 4345 tpy of r-MMA, reducing the consumption of fossil-based raw materials by 13,000 tpy. Over ten years, the plant is expected to achieve a 96% reduction in greenhouse gas emissions compared to traditional methods. Construction of the plant is set to be completed in 2026 at a cost of €6.6 million, partially funded by the EU.
BOOST is one of the 18 projects selected for funding out of 72 applications in this call for small-scale projects. It is also the only project in Italy that has been awarded funding in this category. Mohammed Nafid, Managing Director of NextChem Tech, expressed his confidence in the scalability of NXRe PMMA technology and its potential to enhance sustainable plastic production by moving away from fossil raw materials towards a circular model. This article falls under downstream news as it focuses on developments happening after plastic waste has been collected and processed through various stages before being used or recycled further.
