Pryme to Supply Shell Chemical Plants With Plastic-Derived Pyrolysis Oil
October 06 2021 - 5:08AM
Dow Jones News
By Jaime Llinares Taboada
Royal Dutch Shell PLC said Wednesday that it has signed a deal
with Oslo-listed chemical recycling company Pryme BV for it to
supply Shell with pyrolysis oil derived from plastic waste.
The feedstock will be used by the Anglo-Dutch company to make
chemicals products at its Moerdijk and Rheinland crackers in the
Netherlands and Germany, respectively, from next year.
"With increasing demand for circular chemicals from customers,
our agreement with Pryme enables us to significantly grow volumes
as early as next year," Shell Chemicals and Products Senior Vice
President Thomas Casparie said.
Pryme will produce the pyrolysis oil at its plant in Rotterdam,
which is under construction and scheduled to become operational in
2022 with a production capacity of 60,000 metric tons a year. The
company has a project to build a second plant with an estimated
capacity of 350,000 tons, with start-up planned in 2024.
Pyrolysis is a chemical recycling process that can be applied to
low-quality plastic waste that can't be recycled using traditional
processes.
Shares in Pryme at 0800 GMT were up 16% at 25.97 Norwegian
krone. Shell was down 2.2% at 1,662.4 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 06, 2021 04:53 ET (08:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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