RCS - Corsair Group - Corsair Signs Deal

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12/02/2024 08:15

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RNS Number : 7873C  Corsair Group  12 February 2024

Corsair Signs Deal to Supply Shell with Pyrolysis Oil

BANGKOK, THAILAND / ACCESSWIRE / February 12, 2024 / 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.

About CORSAIR:

Corsair Group is an international, ISCC certified plastic waste recycling
company, which turns daily household plastic waste, such as plastic bags,
wrapping materials and packaging products into Advanced Bio-oil at its
facilities in Thailand and Finland.

With its Global Head Office located in Thailand and its European Head Office
in the Netherlands, Corsair is on a mission to clean our planet from the
plastic pollution, by recycling discarded plastic waste from the environment
and landfills, into valuable products.

As its global development plan, Corsair aims to expand its plastic waste
chemical recycling facilities globally, with its main focus on Asia, Europe
and North America.

Additionally to its industrial operations as a plastic waste recycler, Corsair
is also the developer and issuer of the world's leading plastic waste offset
program, the CSR Plastic Credit. Through the CSR Plastic Credit, Corsair helps
businesses and individuals to reduce and remove the impact their plastic waste
has on the environment, by becoming Certified Plastic Neutral.

For more information, please visit www.corsairgroup.com
(https://pr.report/SswEtMbh)

Contact Info

mail: agostino@corsairnow.com (mailto:agostino@corsairnow.com)

phone: +66 957 613 702

SOURCE: Corsair group

 

 

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