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STATEMENT: Corsair signs agreement to supply pyrolysis oil to Shell

(Information sent by the signatory company).

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STATEMENT: Corsair signs agreement to supply pyrolysis oil to Shell

(Information sent by the signatory company)

Waste plastic recycling company Corsair Bangkok Company Ltd (CORSAIR) has signed an agreement to supply Shell Singapore Pte Ltd (SSPL) with pyrolysis oil, a mixed waste plastic feedstock

Bangkok, February 12, 2024 - Under the agreement, Corsair, a company that converts everyday household plastic waste into advanced bio-oil through pyrolysis, will deliver pyrolysis oil from its plastic waste chemical recycling facilities in Thailand to Shell Park The pyrolysis oil will then be used to make sustainable circular chemicals that are commonly used in a variety of everyday products, including cleaning products, textiles, food packaging, and more. Corsair CEO Mr. Jussi Veikko Saloranta said, "We are very happy with this collaboration with Shell."Plastic waste is a serious global problem. Of the hundreds of billions of kilos of plastic waste generated annually around the world, it is estimated that less than 10% is currently recycled. We must do everything we can to develop efficient ways to recycle old and discarded plastic rubbish into new plastic products, just as has been done for metals, glass and paper. Burning plastic in incinerators or dumping it in landfills is not the solution: the right thing to do is to convert old plastic back into new plastic products. Corsair, which began operations in Thailand and has recently expanded into Europe, aims to expand internationally to achieve greater positive impact on the environment," said Saloranta. "At Shell, we believe that chemical recycling offers a valuable and viable way to complement mechanical recycling measures, and is necessary to achieve the highest recycling rates. which are essential for reducing plastic waste in the environment. "This is not just a partnership for innovation, but a commitment to a sustainable and circular future," said Phil Turley, Managing Director of Shell's Global Plastics Circular Economy. About Corsair Corsair Group is an international waste recycling company. ISCC certified plastics, converting everyday household plastic waste, such as plastic bags, wrappers and packaging products, into advanced bio-oil at its facilities in Thailand and Finland. With its global headquarters in Thailand and its European headquarters in the Netherlands, Corsair is on a mission to clean the planet of plastic pollution by recycling discarded plastic waste from the environment and landfills into valuable products. As a global development plan, Corsair aims to expand its plastic waste chemical recycling facilities to the entire world. world, focusing primarily on Asia, Europe and North America. In addition to its industrial operations as a waste plastic recycler, Corsair is also the developer and issuer of the world's leading plastic waste offset program, the CSR Plastic Credit. Through the CSR Plastic Credit, Corsair helps companies and individuals reduce and eliminate the impact that their plastic waste has on the environment, becoming Certified Plastic Neutral. More information at: www.corsairgroup.com Issuer: Corsair

Contact Contact name: Corsair Group Contact description: Corsair Group Contact phone: 66 957 613 702