Air Liquide, AkzoNobel, Enerkem and the Port of Rotterdam sign agreement to cover the initial investment of the Rotterdam waste-to-chemistry project
Type of post: NEWS IN BRIEF.
In October 2016, Rotterdarm was selected as
location to build a waste-to-chemicals plant by a partnership comprised of Air Liquide, AkzoNobel, AVR, Enerkem and Van
Gansewinkel in
collaboration with the Port of Rotterdam, the City of Rotterdam, the province of South Holland and InnovationQuarter (see post,
10/10/2016). That decision marked the beginning of a new phase for the members
of the consortium to finalize the business case.
The project has just taken a significant step
forward with the sign of a project development agreement covering initial
investments by Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port
of Rotterdam (see press
release, 16/02/2018). The facility will be the first of its kind in Europe
to provide a sustainable alternative solution for non-recyclable wastes,
converting waste plastics and other mixed wastes into new raw materials.
Figure 1. Infographic of the project (extracted
from the press release)
The initial investments, which cover detailed
engineering, the setup up of a dedicated joint venture and completing the
permitting process, will be worth 9 M€. The consortium aims to take the final
investment decision (FID) for the estimated 200 M€ project later in 2018 and
has appointed Dutch Rabobank as the lead advisor for the financing process. Realization
of the project is supported by the Dutch Ministry of Economic Affairs &
Climate policy, which have agreed to develop the necessary mechanisms and
regulation.
Factsheet of the project
Location
|
Botlek
area of the Port of Rotterdam (The Netherlands).
|
Feedstock
and processing capacity
|
360,000
tons of waste (it represents the total annual waste of more than 700,000
households and a CO2 emission savings of about 300,000 tons).
|
Products
and production capacity
|
220,000
tons (270 million litres) of sustainable methanol for the chemical industry
and the transportation sector.
|
Technology
|
Enerkem’s
proprietary technology.
The plant
will have two production lines or twice the input capacity of Enerkem’s
commercial-scale plant in Edmonton (Canada).
|
Final
Investment Decision
|
2018.
|