Shell Ventures and BlueAlp Holding have announced a new partnership to develop and deploy plastic waste to chemical feedstock technology.
The technology transforms plastic waste into pyrolysis oil that can be used to make sustainable chemicals.
Shell has taken a 21.25% equity stake in BlueAlp as part of the agreement.
“With BlueAlp’s innovative technology and Shell’s size and experience we can advance the plastic waste recycling technology needed to meet growing customer demand for sustainable chemicals. This partnership is one of the important steps Shell is taking to reach our ambition of recycling 1 million tpy of plastics waste in our global chemicals plants by 2025,’’ said Robin Mooldijk, executive vice president of Shell Chemicals and Products.
“We are also working across the value chain to provide our customers with a secure supply of high-quality circular products including collaborating with industry partners to drive the development of the infrastructure needed to collect and sort plastic waste.”
Under the agreement, Shell and BlueAlp will form a joint-venture company to build two new conversion units in the Netherlands, which are forecast to convert more than 30 000 tpy of plastic waste.
The units are planned to be operational in 2023 and will supply 100% of their pyrolysis oil as feedstock to Shell’s Moerdijk and Rhineland crackers.
Shell is exploring licensing a further two units for deployment within Asia to supply the Shell Energy and Chemicals Park Singapore.
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