Shell Ventures BV and BlueAlp Holding BV have entered into a strategic partnership to develop, scale and deploy BlueAlp’s plastic waste-to-chemical feedstock technology, the companies have announced. The technology converts mixed plastics waste into pyrolysis oil, which can then be added as feedstock to s steam cracker for further refining.
Under the agreement, Shell will acquire a 21.25% equity stake in BlueAlp. In addition, the two companies will form a joint-venture company to build two new conversion units in the Netherlands, which are forecast to convert more than 30 KT of plastic waste per year.
“This partnership is one of the important steps Shell is taking to reach our ambition of recycling one million tonnes of plastics waste a year 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.”
The partnership with BlueAlp follows a successful pilot using pyrolysis oil at the Moerdijk petrochemicals plant in August 2021. Shell als been using recycled feedstock at its Norco petrochemical complex in the U.S. since November 2019.