Pryme Group (Pryme) is building a new oil production plant in the Port of Rotterdam which is set to convert 60,000 tonnes of plastic waste into pyrolysis oil every year.
Pryme has also entered into a strategic partnership with Shell, which will be utilising this new production plant as a feedstock for its crackers in Moerdijk and Rheinland to make circular chemical products.
The agreements between Shell and Pryme will also provide for the construction of a second, significantly larger plant which is planned to be operational from 2024.
“With an increasing demand for circular chemical from customers, our agreement with Pryme enables us to significantly grow volumes as early as next year. The agreement builds on Shell’s ambition to recycle one million tonnes of plastic waste per year in our global chemicals plants by 2025,” said Thomas Casparie, Senior Vice President for Northwest Europe at Shell Chemicals and Products.
“To support the long-term growth of this promising industry, Shell is excited to work with key partners to develop the solutions necessary to produce the industrial quantities required to meet customer demand and our ambition.”
Jos van der Endt, CEO and Founder of Pryme, added “We are excited to announce our strategic cooperation with Shell. This relationship, combined with our scalable technology, will enable Pryme to commit to equivalent long-term volumes with plastic waster suppliers and help accelerate the growth of this developing necessary value chain.
“I’m delighted we are building on our strong relationship with Shell. We are both committed to developing the pyrolysis oil market, and together I’m sure we can make significant progress in advancing an industrial-scale plastic waste to chemicals value chain.”
Independent energy storage company Global Energy Storage (GES) has also recently announced it is buying an interest in part of the assets of the Stargate Terminal at the Port of Rotterdam from Guvnor Group and will develop more than 20 hectares at the heart of the port.
Announced in November 2021, GES’s plans include the development of a new multi-purpose jetty, as well as developing infrastructure for consolidation of biofuel storage, storage for renewable fuels, gas storage, gas to chemicals production, green and blue hydrogen, and hydrogen carriers such as ammonia.