The European Union’s Just Transition Fund has awarded BlueAlp and LBC Tank Terminals a €1.5 million grant to support their large-scale chemical recycling plant through the front-end engineering design phase.
The EU Just Transition Fund was established to help regions take steps towards climate neutrality through industrial development, innovation, and investment. Its outcomes are set to align with EU Cohesion Policy.
BlueAlp and LBC’s funding has been granted through the Just Transition Fund’s Rijnmond programme and will be used in the recycling plant’s Front-End Engineering Design (FEED) phase.
The FEED study will cover technical feasibility, detailed engineering, logistics, site implementation, terminal integration, permitting and financing.
LBC is said to be the largest tank storage operator for pyrolysis oil in Europe, providing direct access to critical infrastructure within the Port of Rotterdam.
By co-locating the chemical recycling plant at LBC’s existing terminal site, BlueAlp aims to create synergies in heat integration and transport optimization – reducing CO2 emissions and strengthening project economics.
“I am very proud of our collaboration with LBC Tank Terminals,” says BlueAlp CEO Valentijn de Neve. “Together, we are developing a highly competitive project that represents a step change in both economics and environmental footprint, driven by the benefits of integration.
“The support from the Just Transition Fund Rijnmond enables us to advance this project in response to Europe’s growing regulatory demand.”
Radboud Godron, Group Business Development director New Energies of LBC Tank Terminals, adds: “We are pleased to support BlueAlp in advancing this important project and welcome the recognition from the Just Transition Fund Rijnmond.
“This collaboration reflects LBC’s commitment to enabling circular solutions by leveraging our existing infrastructure and capabilities.
“By integrating BlueAlp’s chemical recycling technology within our Rotterdam terminal site, we are taking a concrete step toward scaling sustainable value chains and contributing to Europe’s transition toward a low-carbon and circular economy.”
Earlier this year, the Dutch Government has awarded BlueAlp, Renewi, Shell, and Utrecht University with €1.5 million in funding to support their chemical recycling solution for flexible plastics. The four-year research project involves BlueAlp’s thermal pyrolysis technology and is expected to be a cost-effective approach to removing the unwanted components in mixed plastic waste, purifying recyclate, and unlocking more circular plastic products.
In other news, PolyCycl plans to use a Series A investment from Rainmatter by Zerodha to deploy its technology for recycling low-grade plastic waste into feedstock for the production of low-carbon materials.
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