Shell Ventures BV announced today that it has entered into a strategic partnership with BlueAlp Holding BV to develop, scale, and deploy its plastic waste to chemical feedstock technology. BlueAlp’s technology transforms difficult-to-recycle plastic waste into pyrolysis oil, which can be used to make sustainable chemicals. Shell has taken a 21.25% equity stake in BlueAlp as part of the agreement.
Under the agreement, Shell and BlueAlp 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. The units are planned to be operational in 2023 and will supply 100% of their pyrolysis oil as feedstock to Shell’s Moerdijk and Rhineland crackers. Shell is exploring licensing a further two units for deployment within Asia to supply its operations in Singapore.