NEA and Shell to jointly explore new chemical recycling value chain to turn plastic waste into chemicals
Oct 16, 2020
The study is part of Shell’s energy transition ambition, as we aspire to transform our business to become more sustainable and circular.
The National Environment Agency (NEA) and Shell are jointly studying the feasibility of chemically recycling plastic waste in Singapore.
The study will look into waste segregation facilities and plastic pyrolysis plants to recycle Singapore’s plastic waste. Pyrolysis is a chemical process to convert plastic waste into higher-value products such as pyrolysis oil, which can be upgraded as feedstock to manufacture plastics and chemicals.
“Chemical recycling will enable the recycling of contaminated plastics that are recovered from our general waste. This feasibility study is part of NEA’s efforts to develop our local plastic recycling capabilities, improve our plastic recycling rates and enhance the resilience of our overall waste management infrastructure. The joint study with Shell will help NEA gain a better understanding of the technical and commercial aspects of a chemical recycling value chain in Singapore, and bring us one step closer to realising our goal of a circular economy for plastics,” said Mr Tan Meng Dui, Chief Executive Officer of NEA.
Packaging, including plastics, is one of NEA’s three priority waste streams for closing the resource loop and working towards our vision of a Zero Waste Nation. In Singapore’s domestic waste stream, plastics make up more than half of the packaging waste disposed of. In addition to diverting plastics from incineration, chemical recycling will help reduce carbon emissions, close the plastic waste loop, and create new jobs and capabilities as part of a more circular approach towards resource management in the longer term. The joint study with Shell will complement NEA’s consultancy study on the feasibility of developing a pilot Plastic Recovery Facility (PRF) in Singapore, which will be awarded by end 2020 and run parallel to the feasibility study between NEA and Shell.
“As part of Shell’s energy transition ambition, we aspire to transform our business here to become more sustainable and circular. That is why we are committed to work with NEA and other partners in the ecosystem to develop a new circular supply chain to support both Singapore’s and Shell’s chemical recycling ambitions,” said Aw Kah Peng, Chairman of Shell Companies in Singapore.
In 2019, Shell announced its ambition to use one million tonnes of plastic waste a year as feedstock in its global Chemicals plants - across Asia, Europe and North America, by 2025. Since Nov 2019, the Shell Norco facility in Louisiana, USA, has started using pyrolysis oil from plastic waste as feedstock.
For Shell enquiries, please contact:
Ca-Mie De Souza
General Manager, External Relations
For NEA enquiries, please contact:
Siti Annazia Hamsani (Ms)
National Environment Agency
Tel: 9844 6309
Elly Saad (Ms)
National Environment Agency
Tel: 9066 4418
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, October 16, 2020. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.