Driving safety and excellence
In December 2024, we announced the acquisition of Danish company Waste Plastic Upcycling (WPU), with whom we have been working since 2022, reflecting our belief in its approach and potential.
WPU is working to develop scalable pyrolysis technology for plastics recycling. This process enables plastics to be recycled repeatedly, helping to reduce plastic waste.
WPU converts end-of-life plastic waste into oil using batch pyrolysis technology. This oil can be used as full-range naphtha, or refined into kerosene and jet fuel, thereby creating useful products from materials that would otherwise be discarded. WPU operates a commercial-scale facility in Fårevejle, which has six reactors and the capacity to recycle 25,000 tonnes of plastic waste annually. With ambitious plans for growth, WPU aims to reach a recycling capacity of 170,000 tonnes by 2028 through a combination of optimisation and expansion.
Plastic waste is a global challenge, with millions of tonnes generated annually. Meanwhile, global demand for plastics continues to rise and is expected to remain strong, even as demand for other oil products, such as gasoline and gas oil, begins to decline.
Addressing this issue requires effective and scalable recycling solutions. WPU’s technology contributes to the development of a more circular economy for plastics. We are committed to supporting WPU as it expands its operations and further develops its business.
25kt
plastic waste recycled each year
~8mMT
available annual feedstock
170kt
2028 recycling target
