TAGS: Sustainability / Natural Solutions
Circa Group AS and OQEMA AG sign a supply and capacity reservation agreement for the sale of Cyrene™ into Europe.
The agreement is for the market development and supply of several thousand tonnes of Cyrene™ per annum. This brings reservation commitments for Cyrene™ volumes to over 5,000 tonnes per annum, which will be supplied by Circa’s ReSolute™ plant, and the following FC6 plant, now at planning stage.
Vision for More Sustainable Chemicals Industry
“
Bringing to market a safer and lower carbon solvent requires committed partners, and OQEMA is a very good match for us. Circa is changing chemistry for good and they share our vision for a more sustainable chemicals industry. Most importantly, this agreement reinforces market confidence in Cyrene™ as a credible solvent for applications that currently depend on toxic petro derived solvents,” commented Tony Duncan, CEO, Circa Group AS.
OQEMA is a growing force in the EU chemicals distribution business, servicing thousands of customers across 21 countries. Their 1,300 employees cover markets that are key to the growth of Cyrene™, offering full-service capabilities including solvent recycling.
Emad Kakakhel, group director sustainability said, “
Circa is exactly the type of company we want to work with as we focus our strategy on sustainability. We see an appetite for bio-based chemicals and expect demand for Cyrene™ to be strong. By working closely with Circa and our customers, we are introducing a novel solvent for the first time to replace the harmful solvents currently in use today.”
The agreement provides for exclusivity across EU markets, and recognises the existing agreements Circa has with Will & Co, Merck and DICHEM as well as providing channel options for specific large customers.
Source: Circa