JINAN, China, Dec. 17, 2025 /PRNewswire/ -- A well-known international group conducted rigorous worldwide evaluations on both domestic and international suppliers in the same industry. After comprehensive assessments of technological equipment's advancement, maturity, and stability, the group ultimately selected Niutech's "Next-Generation of Large-Scale Industrial Continuous Intelligent Waste Plastic Pyrolysis Technology and Complete Equipment Set". This decision led to the investment and construction of a high-end waste plastic chemical recycling plant in Vietnam.
At present, the plant has been successfully put into operation and running continuously and efficiently for several months, with all indicators of the pyrolysis products meeting expectations. The advanced technical equipment of Niutech has demonstrated outstanding safety, reliability and environmental protection performance during actual operation, earning high praise from the client. It has also verified the power of China's high-end environmental protection equipment and is another important achievement of the in-depth cooperation between Niutech and the international group in the field of waste plastic chemical recycling. Currently, the expansion preparations for the project have been basically completed, and the replication and expansion plans for other regions are also in progress.
This project takes plastic waste from industrial production as feedstock, leveraging Niutech's unique patented technology and equipment to convert waste plastics into high-quality pyrolysis oil. This pyrolysis oil is subsequently processed at the client's own chemical plants, achieving a complete chemical cycle from "waste plastic to new plastic." This approach significantly reduces carbon emissions while decreasing reliance on fossil fuels. The innovative model of integrating Niutech's technology and equipment with the coordinated development of the industry has created multiple world-firsts, providing a verifiable, replicable and scalable demonstration case for promoting the development of chemical recycling of waste plastics.
Professional creates benchmarks. The successful commissioning of this project is another significant achievement of Niutech in continuously exploring the international high-end market, following its collaboration with BASF plastics chemical recycling project in Denmark. Currently, a large-scale waste plastic pyrolysis project in the UK, adopting the same advanced technology of Niutech, is being implemented smoothly. Relying on over 30 years of technological accumulation and engineering practice experience in the pyrolysis field, Niutech has provided the partner with a full-process service covering technical solution design, core equipment manufacturing, and on-site commissioning guidance.
In recent years, chemical recycling of plastics has become a hot trend globally. Niutech's exclusive and reliable pyrolysis process and technics has provide an efficient and low-carbon disposal solution for the resource utilization of massive low-value mixed waste plastic, attracting much attention from the international market. As the constitutor of China's pyrolysis technology standards and an industry leader, Niutech has always adhered to a path of high-end, intelligent and green development, which meets the demands of both domestic and international markets. Through constant innovation, the company has overcome multiple world-class challenges in the industrialization and scale-up process of waste plastic chemical recycling, and has established a complete "research and application" innovation system, enhancing the development of technological advantages. Currently, Niutech's technology has been applied throughout China and in dozens of countries and regions worldwide. Numerous demonstration projects have fully validated that Niutech's pyrolysis solution represents a revolutionary approach to resource recovery from organic waste.
More Information:
Niutech Website: www.niutechenergy.com
Niutech Business Email: sales@niutech.com
Niutech Youtube: www.youtube.com/@niutechpyrolysis
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
A New Industrial Benchmark - Niutech Intelligent Pyrolysis Equipment Empowering a World- Renowned Group for Chemical Recycling Project of Waste Plastic
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Global leader in Invoice Lifecycle Management combines with Australia's leading provider of accounts payable automation to bring next generation, AI-powered solutions to fast-growing middle market
SYDNEY, Dec. 17, 2025 /PRNewswire/ -- Basware, a global leader in Invoice Lifecycle Management, today announced that it has acquired Redmap, a leading Australian provider of Accounts Payable (AP) automation software. Together, Basware and Redmap will deliver a portfolio of AI-driven solutions to middle market and enterprise companies, empowering them to manage the entire invoice lifecycle.
"Today's finance environments are more complex than ever, and every organization – not just the largest companies – needs solutions to streamline and simplify financial processes," said Jason Kurtz, CEO Basware. "Redmap understands this, and their team has built a great product tailored for middle market companies and ERP platforms. Together, we can bring innovation, capabilities and resources often reserved for large enterprises, to transform finance organizations and accounts payable operations for these customers and drive long-term efficiency and growth."
Tapping a Fast-Growing Market
The opportunity is significant. Australia and the broader APAC region are primed for rapid adoption of invoice management solutions. As governments push e-invoicing standards and companies adapt to ever-changing regulatory standards, such as Australia's new Aged Care Act, organisations across the region are seeking smarter, faster and more compliant ways to manage growing invoice volumes.
Grand View Research values the 2025 market for AP automation solutions in the APAC region at $770 million and expects it to double to $1.4 billion by 2030. With the acquisition of Redmap, Basware is strongly positioned to capitalise on this opportunity.
Redmap's solutions help hundreds of organisations across multiple industries, including retail, mining, and aged care, achieve faster invoice processing, improved accuracy, and greater financial visibility. This has helped them become a trusted partner for their customers, such as Evolution Mining, Lowes Menswear and Officemax, and ERP partners, such as Melbourne based Pronto Software.
Basware's Invoice Lifecycle Management Platform™ is the industry's leading AI-driven unified invoice automation platform. Built on decades of AP innovation, the platform combines AI-driven automation with the world's largest AP dataset, built-in compliance and an open invoice network to give finance teams complete control over the entire invoice process and the visibility they need to make smarter, faster decisions. And leading brands such as DHL, Heineken and Sony use the platform to manage over 230 million invoice transactions per year.
Democratising AP Automation
"With the acquisition of Redmap, companies of all sizes can access world-class invoice automation solutions tailored to their specific needs and ERP systems," Kurtz said. "Whether a business is running SAP or Pronto Xi, Basware is committed to being a customer first, partner-enabled provider that delivers purpose-built solutions to transform their AP operations and lead them to the future of intelligent finance."
Pronto Software Managing Director Chad Gates applauds the move. "The combination of Basware's global invoice-automation capabilities and partner commitment, along with Redmap's local and domain expertise creates a powerful value proposition for Australian businesses," he said. "Together, they deliver the kind of seamless, intelligent workflow automation that aligns perfectly with the direction we see the market and our customers heading."
Redmap CEO Ben Woolley agrees. "I'm proud of what we've built at Redmap," he said. "Our partnerships have been the foundation of our success, and this acquisition will allow us to scale and bring our proven ERP integration model to more companies worldwide."
Driving the Future of Finance
The acquisition will also allow Redmap to accelerate and expand development of its AP automation platform, leveraging Basware's advanced AI innovations to deliver the future of intelligent finance for its customers.
"Basware's long-standing legacy in invoice lifecycle management and commitment to ongoing innovation connects us to the reach, resources, and proven practices to accelerate what we do best, while opening new paths for our people to grow, lead, and build the future of automation," Woolley added. The acquisition follows Basware's acquisition of Glantus in 2023 and AP Matching in 2024.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That's why the world's most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. Basware. Now it all just happens. ™
About Redmap
Redmap is Australia's leading provider of Accounts Payable (AP) automation software for middle market ERPs, delivering seamless and intelligent automation solutions. With deep expertise in document automation, intelligent data capture, and workflow optimisation, Redmap empowers businesses to streamline their AP processes, reduce manual intervention, and enhance operational efficiency.
Global leader in Invoice Lifecycle Management combines with Australia's leading provider of accounts payable automation to bring next generation, AI-powered solutions to fast-growing middle market
SYDNEY, Dec. 17, 2025 /PRNewswire/ -- Basware, a global leader in Invoice Lifecycle Management, today announced that it has acquired Redmap, a leading Australian provider of Accounts Payable (AP) automation software. Together, Basware and Redmap will deliver a portfolio of AI-driven solutions to middle market and enterprise companies, empowering them to manage the entire invoice lifecycle.
"Today's finance environments are more complex than ever, and every organization – not just the largest companies – needs solutions to streamline and simplify financial processes," said Jason Kurtz, CEO Basware. "Redmap understands this, and their team has built a great product tailored for middle market companies and ERP platforms. Together, we can bring innovation, capabilities and resources often reserved for large enterprises, to transform finance organizations and accounts payable operations for these customers and drive long-term efficiency and growth."
Tapping a Fast-Growing Market
The opportunity is significant. Australia and the broader APAC region are primed for rapid adoption of invoice management solutions. As governments push e-invoicing standards and companies adapt to ever-changing regulatory standards, such as Australia's new Aged Care Act, organisations across the region are seeking smarter, faster and more compliant ways to manage growing invoice volumes.
Grand View Research values the 2025 market for AP automation solutions in the APAC region at $770 million and expects it to double to $1.4 billion by 2030. With the acquisition of Redmap, Basware is strongly positioned to capitalise on this opportunity.
Redmap's solutions help hundreds of organisations across multiple industries, including retail, mining, and aged care, achieve faster invoice processing, improved accuracy, and greater financial visibility. This has helped them become a trusted partner for their customers, such as Evolution Mining, Lowes Menswear and Officemax, and ERP partners, such as Melbourne based Pronto Software.
Basware's Invoice Lifecycle Management Platform™ is the industry's leading AI-driven unified invoice automation platform. Built on decades of AP innovation, the platform combines AI-driven automation with the world's largest AP dataset, built-in compliance and an open invoice network to give finance teams complete control over the entire invoice process and the visibility they need to make smarter, faster decisions. And leading brands such as DHL, Heineken and Sony use the platform to manage over 230 million invoice transactions per year.
Democratising AP Automation
"With the acquisition of Redmap, companies of all sizes can access world-class invoice automation solutions tailored to their specific needs and ERP systems," Kurtz said. "Whether a business is running SAP or Pronto Xi, Basware is committed to being a customer first, partner-enabled provider that delivers purpose-built solutions to transform their AP operations and lead them to the future of intelligent finance."
Pronto Software Managing Director Chad Gates applauds the move. "The combination of Basware's global invoice-automation capabilities and partner commitment, along with Redmap's local and domain expertise creates a powerful value proposition for Australian businesses," he said. "Together, they deliver the kind of seamless, intelligent workflow automation that aligns perfectly with the direction we see the market and our customers heading."
Redmap CEO Ben Woolley agrees. "I'm proud of what we've built at Redmap," he said. "Our partnerships have been the foundation of our success, and this acquisition will allow us to scale and bring our proven ERP integration model to more companies worldwide."
Driving the Future of Finance
The acquisition will also allow Redmap to accelerate and expand development of its AP automation platform, leveraging Basware's advanced AI innovations to deliver the future of intelligent finance for its customers.
"Basware's long-standing legacy in invoice lifecycle management and commitment to ongoing innovation connects us to the reach, resources, and proven practices to accelerate what we do best, while opening new paths for our people to grow, lead, and build the future of automation," Woolley added. The acquisition follows Basware's acquisition of Glantus in 2023 and AP Matching in 2024.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That's why the world's most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. Basware. Now it all just happens. ™
About Redmap
Redmap is Australia's leading provider of Accounts Payable (AP) automation software for middle market ERPs, delivering seamless and intelligent automation solutions. With deep expertise in document automation, intelligent data capture, and workflow optimisation, Redmap empowers businesses to streamline their AP processes, reduce manual intervention, and enhance operational efficiency.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Basware's Acquisition of Redmap Signals a New Era for AP in Australia
