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    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL PLC

(RDSA)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 01/18 11:39:39 am
22.44 EUR   +1.72%
01/18European ADRs Move Lower in Tuesday Trading
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01/18HSBC Boosts Shell PT, Keeps Buy Rating
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01/18HSBC Lifts Shell PT, Keeps Buy Rating
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Shell Breaks Ground on Plastic Waste-Derived Oil Facility in Singapore

11/23/2021 | 03:34am EST

By Fabiana Negrin Ochoa

Royal Dutch Shell PLC on Tuesday broke ground on a new project in Singapore to make an oil product from plastic waste otherwise destined for landfills.

The treated pyrolysis oil will be used to produce so-called circular chemicals--chemicals used in products intended to be reused or repurposed with minimal waste, the oil major said.

Shell unit Shell Eastern Petroleum (Pte) Ltd. will process the waste and didn't provide financial details of the investment.

Once the pyrolysis oil upgrader unit starts production in 2023, it will be the largest in Asia, Shell said. It will have a capacity of 50,000 tons a year and is the company's first such unit.

The announcement comes as waste-derived pyrolysis oil gains traction against a background of companies coming under increased pressure to reduce waste and transition to low-carbon energy. The pyrolysis oil market is still in the early stages, but analysts say it shows promise as companies ramp up R&D and investment in the technology to produce it.

In September, Shell Ventures BV formed a partnership with BlueAlp Holding to develop the latter's plastic waste-to-chemical feedstock technology.

Recent moves by other companies include Honeywell UOP and Swedish refiner Preem AB's collaboration on biomass-based pyrolysis oil; German chemical group BASF SE's $18 million investment in Pyrum Innovations, which specializes in the pyrolysis of used tires; and SK Innovation, which in September said it will be the first company in South Korea to use waste plastic pyrolysis oil to make petrochemical products.

Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com

(END) Dow Jones Newswires

11-23-21 0334ET

Stocks mentioned in the article
ChangeLast1st jan.
ROYAL DUTCH SHELL PLC 1.72% 22.44 Real-time Quote.16.21%
WTI -0.41% 86.397 Delayed Quote.8.53%
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Financials (USD)
Sales 2021 250 B - -
Net income 2021 15 402 M - -
Net Debt 2021 49 874 M - -
P/E ratio 2021 12,0x
Yield 2021 3,52%
Capitalization 194 B 194 B -
EV / Sales 2021 0,98x
EV / Sales 2022 0,83x
Nbr of Employees 87 000
Free-Float 98,7%
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Mean consensus BUY
Number of Analysts 13
Last Close Price 25,42 $
Average target price 28,09 $
Spread / Average Target 10,5%
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Managers and Directors
Bernardus Cornelis Adriana Margriet van Beurden Chief Executive Officer & Executive Director
Jessica Rodgers Uhl Chief Financial Officer & Director
Andrew Stewart Mackenzie Chairman
Harry Brekelmans Director-Technology & Projects
Gerrit Zalm Independent Non-Executive Director
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