Shell Breaks Ground on Plastic Waste-Derived Oil Facility in Singapore
November 23 2021 - 3:49AM
Dow Jones News
By Fabiana Negrin Ochoa
Royal Dutch Shell PLC on Tuesday broke ground on a new project
in Singapore to make an oil product from plastic waste otherwise
destined for landfills.
The treated pyrolysis oil will be used to produce so-called
circular chemicals--chemicals used in products intended to be
reused or repurposed with minimal waste, the oil major said.
Shell unit Shell Eastern Petroleum (Pte) Ltd. will process the
waste and didn't provide financial details of the investment.
Once the pyrolysis oil upgrader unit starts production in 2023,
it will be the largest in Asia, Shell said. It will have a capacity
of 50,000 tons a year and is the company's first such unit.
The announcement comes as waste-derived pyrolysis oil gains
traction against a background of companies coming under increased
pressure to reduce waste and transition to low-carbon energy. The
pyrolysis oil market is still in the early stages, but analysts say
it shows promise as companies ramp up R&D and investment in the
technology to produce it.
In September, Shell Ventures BV formed a partnership with
BlueAlp Holding to develop the latter's plastic waste-to-chemical
feedstock technology.
Recent moves by other companies include Honeywell UOP and
Swedish refiner Preem AB's collaboration on biomass-based pyrolysis
oil; German chemical group BASF SE's $18 million investment in
Pyrum Innovations, which specializes in the pyrolysis of used
tires; and SK Innovation, which in September said it will be the
first company in South Korea to use waste plastic pyrolysis oil to
make petrochemical products.
Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com
(END) Dow Jones Newswires
November 23, 2021 03:34 ET (08:34 GMT)
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