Shell will build a new oil upgrader unit to improve the quality of pyrolysis oil.
The oil is made from hard-to-recycle plastic waste that would have gone into a landfill, and turns it into chemical feedstock for its plant.
The unit at Shell’s manufacturing site on Pulau Bukom in Singapore will be the largest in Asia and Shell’s first globally, with a capacity of 50,000 tonnes per annum (tpa).
Shell will use the treated pyrolysis oil to produce circular chemicals that are used in hundreds of useful, everyday products.
This responds to growing customer demand and Shell has already signed its first circular chemicals agreement in Asia with Asahi Kasei.
The new investment is a key element in the transformation of the Bukom manufacturing site into the Shell Energy and Chemicals Park Singapore.
The Energy and Chemicals Park will be fully integrated with Shell Jurong Island and together will focus on the low-carbon energy and sustainability needs of our customers today and in the future, supplying biofuels, circular chemicals, bitumen, advanced lubricants and renewable energy.
In line with the company’s global targets, Shell Singapore will accelerate its transition and cut its own emissions from its operations by half in 2030 from 2016 levels.
“The Shell Energy and Chemicals Park Singapore is a key driver in our Shell Singapore strategy to transform our business, reduce our own emissions and those of our customers as we move to a low-carbon economy together,” said chairman of Shell Companies in Singapore, Aw Kah Peng.
“We have been progressing with the country for 130 years. The transformation that we are embarking on is unprecedented for the industry here. We will be bold, we will innovate, and we are committed to provide the low-carbon and sustainable products and solutions that our customers want here and around the world.”
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