Shell and LBC Tank Terminals are delighted to announce their partnership in advancing sustainability through the storage and handling of pyrolysis oil derived from plastic waste in the Port of Rotterdam. This collaboration represents a significant milestone in their shared commitment to a sustainable future.

Situated strategically in the key European logistical hub, LBC’s Rotterdam terminal plays a vital role in supporting the chemical industry and promoting sustainable innovation by providing the necessary infrastructure and expertise for efficient storage and handling of liquid bulk products. Pyrolysis oil, a promising alternative chemical feedstock sourced from waste materials, is at the forefront of efforts to promote resource efficiency and contribute to a circular economy.

Liz Allen, general manager of Shell Chemicals Business Management Northwest Europe, expresses her excitement about the collaboration, stating, “Shell is thrilled to embark on this partnership with LBC. This five-year agreement aligns with our strategy to supply customers with circular chemicals and contribute to the development of a viable plastic circular economy in Europe. The dedicated storage will drive the growth of the pyrolysis oil market by providing much-needed capacity, allowing Shell to aggregate and process pyrolysis oil from multiple suppliers and enhance value chain flexibility.”

Frank Erkelens, CEO of LBC Tank Terminals, shares his enthusiasm for the collaboration, saying, “This partnership reaffirms LBC’s commitment to making a positive impact and driving change within the industry. Storage solutions play a critical role in advancing and supporting long-term growth in the circular chemicals value chain, and we are excited to join forces with Shell to make significant progress towards achieving a carbon-neutral future.”

By combining their expertise and resources, Shell Chemicals and LBC Tank Terminals are at the forefront of nurturing innovative solutions and driving sustainable growth in the development of the pyrolysis oil market and supply chain. This collaboration sets a valuable precedent for industry leaders to come together in pursuit of a more sustainable and environmentally friendly future.

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21st September 2023