Rain Industries announced that its wholly owned subsidiary, Rain Carbon Inc., has entered a strategic collaboration with BioBTX BV to supply renewable aromatic products to the chemical industry. The partnership aims to support the transition toward circular and sustainable value chains by converting plastic waste into high-quality aromatic derivatives.

Collaboration scope and technology

BioBTX, based in Groningen, the Netherlands, developed the proprietary Integrated Catalytic Cracking Process (ICCP) technology. In July 2026, the company announced a positive Final Investment Decision for its first commercial-scale plant in Delfzijl. This facility is expected to become operational in early 2028 and will convert plastic waste into approximately 10,000 tonnes per year of renewable aromatic oil containing benzene, toluene, and xylenes.

Rain Carbon will process this circular aromatic oil into benzene, phthalic anhydride, and other derivatives. These products are designed to meet the same quality and performance standards as conventional fossil-based alternatives, allowing customers to reduce carbon footprints without compromising product integrity.

Strategic significance

The collaboration leverages Rain Carbon’s 150-year history in transforming industrial by-products into essential carbon materials. Kris Vanherbergen, EVP Carbon Distillation & Advanced Materials at Rain Carbon, stated that the partnership aligns with the company’s mission to create value from alternative carbon sources. By combining BioBTX’s innovative technology with Rain Carbon’s processing expertise, the entities aim to provide drop-in solutions for a more circular future.

Ton Vries, CEO of BioBTX, highlighted significant market interest from sectors such as pharmaceuticals, coatings, toys, and automotive applications. He noted that demand for products with higher recycled content and lower carbon footprints continues to grow, creating a clear need for circular raw materials.

What the numbers show

The timeline disclosed in the announcement reveals a critical dependency on infrastructure readiness. While the Final Investment Decision was taken in July 2026, the first commercial output is not expected until early 2028. This indicates a lead time of approximately 18 months from investment decision to operational capacity. Consequently, any immediate revenue impact for Rain Industries from this specific collaboration is likely deferred until the Delfzijl plant achieves steady-state production.

About the entities

Rain Carbon Inc., headquartered in Dover, Delaware, USA, is a global supplier of carbon-based and chemical products. It serves industries including aluminum, green steel, graphite, energy storage, tires, adhesives, coatings, pigments, and specialty chemicals.

BioBTX, founded in 2012, develops technologies replacing fossil resources with plastic waste and biomass. After demonstrating its ICCP technology at a pilot plant, it is now realizing the world’s first commercial-scale renewable aromatics plant at Chemical Park Delfzijl.

Shareholders of Rain Industries approved the re-appointment of Robert Thomas Tonti as an independent director for a five-year term via postal ballot on September 10, 2026.

The special resolution received overwhelming support from investors. The company disclosed the results in a filing with the Bombay Stock Exchange and National Stock Exchange on September 11, 2026.

Voting Results

The postal ballot process was conducted through remote e-voting from August 12, 2026, to September 10, 2026. DVM Gopal & Associates served as the scrutinizer for the exercise.

A total of 603 members responded to the ballot out of 1,84,759 shareholders on the record date of August 7, 2026.

Director Profile

Robert Thomas Tonti, aged 68, brings over 44 years of experience in calcining petroleum coke and energy production. He holds a Bachelor of Science in Chemical Engineering from Rensselaer Polytechnic Institute and an MBA from the International Institute for Management Development in Switzerland.

Tonti served as a start-up manager for Calciner Industries Inc., which was later acquired by Rain Industries. His expertise covers technical operations, commercial activities, and US regulatory standards. He currently serves on the Audit Committee and Nomination and Remuneration Committee of Rain Industries Limited.

Governance Details

The new term runs from October 31, 2026, to October 30, 2031. The company confirmed that Tonti is not debarred from holding office by SEBI or any other authority. He does not hold any equity shares in the company and has no relationships with other directors or key managerial personnel.