Pryme NV's first pyrolysis plant is being built in the port of Rotterdam, which is said to process 40,000 metric tons of mixed plastic waste annually into around 30,000 metric tons of pyrolysis oil.

 

The LyondellBasell chemical group, together with the Dutch state investment agency Invest-NL and the Rotterdam-based private investment company Infinity Recycling, is financing the further development of a pyrolysis process developed by the Dutch company Pryme for recycling plastic waste. According to the consortium, around 13 million euros are invested in the further commercialization of Pryme's process and the development of industrial recycling capacities. The pyrolysis plant called "Pryme One," which the investors say is currently under construction in the port of Rotterdam, will have the capacity to process 40,000 metric tons of plastic waste annually and is expected to start producing pyrolysis oil before the end of 2023. In addition, the company says it plans to build a second, much larger plant. According to Elisabeth Storm de Grave, manager at Invest-NL, "This round of investment is an important milestone in the expansion of Pryme's advanced recycling capabilities, which are critical to manage the parts of the plastic waste stream that cannot be recycled through mechanical technologies." Martino Gabellich, Lyondell-Basell vice president, Advanced Recycling and Low Carbon Solutions, added, "With increasing demand from society and customers for more circular products, we are pleased to invest in fast-growing companies like Pryme to support the expansion of new commercial recycling operations and reduce the amount of used plastic sent to incineration." For Lyondell-Basell, the investment in Rotterdam is a potential source of raw materials for the Wesseling site, where a chemical recycling plant based on the group's MoReTec technology will be built, is said.
 

Sources:

• Pressrelease Lyondellbasell (May 9, 2023)
• Plasticker (May 23, 2023)
• Photo: Port of Rotterdam, unsplash.com (Georg Eiermann)