LBC Tank Terminals is pleased to announce a collaboration with Shell Chemicals (Shell) for the storage of pyrolysis oil derived from plastic waste in the Port of Rotterdam. This long-term agreement represents a significant milestone in our journey towards a sustainable future.

Strategically located in the key European logistical hub, LBC’s Rotterdam terminal plays an essential role in supporting the chemical industry and sustainable innovation by offering the required infrastructure and expertise in efficient storage and handling of liquid bulk products. Pyrolysis oil, a promising alternative chemical feedstock derived from waste materials, is at the forefront of efforts to promote resource efficiency and contribute to a circular economy.

“Shell is excited to start this collaboration with LBC, the 5-year agreement supports our strategy to supply our customers with more circular chemicals and to help the development of a viable plastic circular economy in Europe”, says Liz Allen, General Manager of Shell Chemicals Business Management Northwest Europe. “This dedicated storage will help grow the market for pyrolysis oil by delivering much needed capacity which will enable Shell to aggregate and process pyrolysis oil from multiple suppliers and improve value chain flexibility."

Frank Erkelens, CEO of LBC Tank Terminals, shares his enthusiasm, saying: “This collaboration reiterates LBC’s dedication to making impact by driving positive change within the industry. Storage solutions play a crucial role in advancing and supporting long-term growth in the circular chemicals value chain, and we look forward to combining forces with Shell in making significant progress towards achieving a carbon-neutral future.”

This collaboration marks a valuable step in the development of the pyrolysis oil market and supply chain. By combining expertise and resources, Shell Chemicals and LBC Tank Terminals are helping to lead the way in nurturing innovative solutions and driving sustainable growth.

About LBC

As a leading international and independent liquid bulk storage company, we form an integral part of our customers’ supply chains. We provide essential infrastructure and innovative services in the process of transporting products from areas of supply to areas of demand. In our position as connected partner in current and future logistic networks, we are a relevant player in the energy transition. We enable efficiency gains in our customers’ businesses and support their growth ambitions, paving the way towards a carbon-neutral society.

About Shell plc

Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.