Plastic waste recycling firm Corsair Bangkok Company Ltd (CORSAIR) has signed a deal to supply Shell Singapore Pte Ltd (SSPL) with pyrolysis oil, a mixed plastic waste feedstock.
Under the deal, Corsair, a company that converts daily household plastic waste into pyrolysis advanced bio oil, will deliver pyrolysis oil from its plastic waste chemical recycling facility in Thailand to the Shell Energy and Chemicals Park Singapore on Bukom.

The pyrolysis oil will then be used to manufacture sustainable circular chemicals which are typically used in a wide variety of products found in everyday life like cleaning products, textiles, food packaging and others.

The CEO of Corsair, Mr. Jussi Veikko Saloranta said, “We are very excited about this collaboration with Shell.
Plastic waste is a major global problem. From the hundreds of billions of kilos of plastic waste generated around the world annually, less than 10% is estimated to be recycled at this present time. We must do all we can to develop efficient ways for recycling the old, discarded plastic garbage into new plastic products – exactly as what’s been done with metals, glass and paper. Burning the plastic in incinerators or dumping it into the landfills is not a solution – the right way is to turn the old plastic back into new plastic products.
Corsair, which started its operations in Thailand and has recently expanded into Europe, has a target to expand Internationally for a greater positive impact on the environment”, Saloranta said.

“At Shell, we believe chemical recycling offers a valuable and viable way to complement mechanical recycling measures, and is needed to achieve the higher recycling rates that are a must for the reduction of waste plastic into the environment. It is not just a partnership for innovation, but a commitment to a sustainable and circular future,” said Phil Turley, General Manager of Global Plastic Circular Economy at Shell.

https://finance.yahoo.com/news/corsair-signs-deal-supply-shell-040000994.html