Shell Chemicals Europe BV and Pryme BV announced a strategic cooperation and offtake agreement for pyrolysis oil made from recycled plastic waste. Pryme will supply Shell from its first plant located in Rotterdam, The Netherlands. Currently under construction, the plant is scheduled to become operational in 2022 and is forecast to convert 60,000 tonnes of plastic waste into pyrolysis oil annually. Shell will use Pryme’s pyrolysis oil in its Moerdijk (The Netherlands) and Rheinland (Germany) crackers to make circular chemicals products.
The agreement also includes provision for future supply to be delivered from Pryme’s proposed second plant in the region. The proposed plant will have an estimated annual pyrolysis oil production capacity of 350,000 tonnes. Start-up for the second plant is planned for 2024.
As part of the strategic agreement, Shell and Pryme will cooperate on the testing and evaluation of pyrolysis liquid samples from Pryme’s test plant in Ghent, Belgium. This process will enhance the understanding of both companies into the optimal properties of pyrolysis oil for use in chemical crackers. This is a key step needed to develop and mature the value chain and will bring efficiencies to the recycling of plastic waste on an industrial scale.