BIOBTX AND TEHO INTERNATIONAL TOGETHER CLOSE THE LOOP ON MOORING ROPES
TEHO Ropes Europe and BioBTX have signed a non-binding Memorandum of Understanding to cooperate on the recycling of end-of-life mooring ropes used in shipping. In the past months, BioBTX and TEHO ROPES Europe, together, have collaborated successfully in the upcycling possibilities of end-of-life mooring ropes into drop-in chemicals (also known as BTX), of which new, durable, and high-performance plastics can be produced. At TEHO Ropes, we always wants to offer our customers the best and most sustainable mooring solutions possible. By taking back the end-of-life mooring ropes and enabling their recycling, the maritime industry fulfils its obligation to society. Teho International Inc Ltd (“TEHO International”) wholly owned subsidiary, TEHO EuRope B.V. (“TEHO ROPES Europe”) and BioBTX B.V. (“BioBTX”) wholly owned subsidiary, PCP B.V. (“PCP”) have signed a non-binding Memorandum of Understanding (“MOU”) to cooperate in recycling end-of-life mooring ropes for shipping. Both companies commit themselves to create a circular value chain in which the used mooring ropes from TEHO ROPES Europe is reused to produce high value drop-in chemicals by BioBTX. In the past months, BioBTX and TEHO ROPES Europe, together, have collaborated successfully in the upcycling possibilities of end-of-life mooring ropes into drop-in chemicals (also known as BTX), of [...]