Corsair to Supply Shell with Plastic Pyrolysis Oil from Finland

HELSINKI, FINLAND / ACCESSWIRE / September 6, 2024 / Plastic waste recycling firm Corsair has signed an agreement to supply Shell Chemicals Europe B.V. with pyrolysis oil, a mixed plastic waste feedstock. Under the agreement, Corsair will deliver pyrolysis oil from its plastic waste chemical recycling facility in Jämsä, Finland, to Shell's facility in Moerdijk, The Netherlands.

The pyrolysis oil will be used to manufacture circular chemicals, typically used in everyday products like cleaning products, textiles, and food packaging.

Jussi Veikko Saloranta, CEO of Corsair, stated: "We are very excited about this collaboration with Shell in Europe. Plastic waste is a critical global issue. Each year, hundreds of billions of kilograms of plastic waste are produced worldwide, yet less than 10% is recycled. It is crucial that we develop efficient methods to recycle discarded plastic into new products. Incinerating plastic or dumping it in landfills is not a viable solution. The sustainable approach is to transform old plastic into new products. This is what the collaboration between Shell and Corsair is all about."

Corsair, which started its operations in Thailand in 2020 and has recently expanded into Europe, has a target to expand internationally for a greater positive impact on the environment.

"Shell looks forward to working with Corsair and processing their pyrolysis oil, thereby supplying our customers with more circular chemicals," said Niels Bouwhuis, Chief Marketing Officer for Shell Chemicals. Thijs Arlman, Head of Plastic Circularity, added, "This is another step in our drive to help the development of a viable plastic circular value chain."