Lamor Corporation Oyj

Lamor taking steps to solve the plastic waste problem – the ground-breaking ceremony of Kilpilahti chemical plastic recycling facility took place in Finland

Share

Lamor Corporation Plc Press release 31 August 2023 at 3:00 PM EEST

Lamor is building a 10,000 metric ton plastic recycling facility in Porvoo, Finland. Its ground-breaking ceremony was held on Thursday, 31 August. Former Finnish minister for trade and development, MP Ville Skinnari, Lamor’s CEO Mika Pirneskoski, representatives of the Finnish Climate Fund, technology providers from Italy and Estonia, and end-product off-taker Shell addressed the importance of the initiative.

The site is ready for construction, which will commence in a fortnight. “Pre-treatment and thermochemical process technologies will be installed next spring, and the commissioning is estimated to take place in summer 2024”, tells Johan Grön, COO of Lamor. “First drops of our end product, oil produced from recycled plastics, will be delivered during the latter part of 2024.” 

The liquid produced from plastic waste works like virgin oil in the production of new plastic. It is suitable for many purposes for which mechanically recycled plastic granules are not suitable: these are, for example, food packaging that requires perfect hygiene. 

The product will be sold to Shell for further refining into a suitable raw material for plastics producers. The annual input capacity in Kilpilahti facility will be 10,000 metric tons in the first phase. The facility will be constructed and operated by Lamor Recycling Oy, a project company with Lamor’s partner Resiclo Oy. 

“Shell is excited to start this cooperation with Lamor Recycling, the agreement supports our strategy to supply our customers with more circular chemicals,” says Phil Turley, General Manager Plastic Circularity Shell. “Our agreement with Lamor Recycling is another step in Shell’s drive to help the development of a viable plastic circular economy in Europe.” 

“We are targeting a 100,000 metric tons portfolio for chemical recycling of waste plastics by the end of 2026, and the Kilpilahti facility will be our pilot and blueprint for the future”, says Mika Pirneskoski, CEO of Lamor. “The global plastics challenge is a massive one: out of the 8.3 billion tons of plastic that has so far been produced in the world, only 9% have ever been recycled. We are proud to be part of solving this challenge together with Shell and other partners, turning plastic waste into valuable raw material. The aim is to increase the share of recycled plastics and decrease the amount of plastic waste polluting the nature.” 

The facility includes two main processes: first the plastic is shredded in pre-treatment and then combusted without oxygen in the thermochemical process. The liquid is processed and delivered for further refining to meet the plastics production requirements.  

“TB Solutions and Promeco technologies which we have selected will ensure reliable, efficient and safe production to meet the end-product requirements”, tells Johan Grön. “We have a long experience in combining the best technologies in the field, for example in our diverse international waste treatment projects. For us, building a chemical recycling facility for plastics is an ambitious, yet logical next step towards a cleaner tomorrow.” 

"We welcome the new facility to our KILKE material center in Kilpilahti. At Rosk'n Roll, we strive to create circular economy centers where it is easy for industry players to locate and invest in facilities that promote the industry," says Vesa Heikkonen, CEO of Rosk'n Roll Oy Ab, which leased the production site to Lamor Recycling.  

”The initial phase to identify the right technology solution for this project had the highest priority. Now, we may proceed with full speed towards having our first facility in operation”, concludes Mika Pirneskoski. 

Contacts

Mika Pirneskoski, CEO, Lamor
Tel. +358 40 757 2151, email mika.pirneskoski@lamor.com

Johan Grön, COO, Lamor
Tel. +358 40 546 4186, email johan.gron@lamor.com

Images

MP Ville Skinnari and Lamor's CEO Mika Pirneskoski placed the time capsule into the foundation.
MP Ville Skinnari and Lamor's CEO Mika Pirneskoski placed the time capsule into the foundation.
Download
A group of 50 people enjoyed the ground-breaking ceremony in Kilpilahti, hosted by Lamor.
A group of 50 people enjoyed the ground-breaking ceremony in Kilpilahti, hosted by Lamor.
Download
Illustration of the facility. Image: Ramboll
Illustration of the facility. Image: Ramboll
Download

Lamor in brief

Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea. 

From environmental protection to material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world. 

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 500 employees in more than 20 countries. In 2022, our turnover was 128 million euros. Lamor's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com

Alternative languages

Subscribe to releases from Lamor Corporation Oyj

Subscribe to all the latest releases from Lamor Corporation Oyj by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Lamor Corporation Oyj

Lamor Corporation Plc issues EUR 25 million senior secured green notes17.8.2023 14:15:00 EEST | Press release

Lamor Corporation Plc Press Release 17 August 2023, 2:15 p.m. EEST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS COMMUNICATION WOULD BE UNLAWFUL. Lamor Corporation Plc issues EUR 25 million senior secured green notes Lamor Corporation Plc (the "Company" or "Lamor") announced earlier today an offering of new euro-denominated fixed-rate senior secured green notes (the "Notes") (the "Offering") and published a prospectus relating to the Offering. The subscription period of the Notes commenced and ended today on 17 August 2023. Lamor completes the Offering and issues Notes in the aggregate principal amount of EUR 25 million. The Notes are issued at an issue price of 100 per cent and carry fixed interest of 10 p

Lamor Corporation Oyj laskee liikkeeseen 25 miljoonan euron senioriehtoisen vakuudellisen vihreän joukkovelkakirjalainan17.8.2023 14:15:00 EEST | Tiedote

Lamor Corporation Oyj Lehdistötiedote 17.8.2023 klo 14.15 EI JULKAISTAVAKSI TAI LEVITETTÄVÄKSI, KOKONAAN TAI OSITTAIN, SUORAAN TAI VÄLILLISESTI, YHDYSVALLOISSA, AUSTRALIASSA, KANADASSA, HONGKONGISSA, JAPANISSA, UUDESSA-SEELANNISSA, ETELÄ-AFRIKASSA TAI SELLAISISSA MUISSA MAISSA TAI TÄLLAISIIN MAIHIN TAI MUUTOIN OLOSUHTEISSA, JOISSA JOUKKOVELKAKIRJALAINAN TARJOAMINEN TAI TÄMÄN TIEDOTTEEN JULKAISEMINEN TAI LEVITTÄMINEN OLISI LAINVASTAISTA. Lamor Corporation Oyj laskee liikkeeseen 25 miljoonan euron senioriehtoisen vakuudellisen vihreän joukkovelkakirjalainan Lamor Corporation Oyj ("Yhtiö" tai "Lamor") julkisti aiemmin tänään tarjoavansa uusia euromääräisiä, kiinteäkorkoisia, senioriehtoisia ja vakuudellisia vihreitä velkakirjoja ("Velkakirjat") ("Tarjous") ja julkaisi Tarjousta varten laaditun esitteen. Velkakirjojen merkintäaika alkoi ja päättyi tänään 17.8.2023. Lamor toteuttaa Tarjouksen ja laskee liikkeeseen Velkakirjoja yhteenlasketulta nimellisarvoltaan 25 miljoonaa euroa. Velkakirj

Lamor Corporation Oyj julkistaa senioriehtoisen vakuudellisen vihreän joukkovelkakirjalainan tarjouksen ja julkaisee esitteen17.8.2023 10:00:00 EEST | Tiedote

Lamor Corporation Oyj Lehdistötiedote 17.8.2023 klo 10.00 EI JULKAISTAVAKSI TAI LEVITETTÄVÄKSI, KOKONAAN TAI OSITTAIN, SUORAAN TAI VÄLILLISESTI, YHDYSVALLOISSA, AUSTRALIASSA, KANADASSA, HONGKONGISSA, JAPANISSA, UUDESSA-SEELANNISSA, ETELÄ-AFRIKASSA TAI SELLAISISSA MUISSA MAISSA TAI TÄLLAISIIN MAIHIN TAI MUUTOIN OLOSUHTEISSA, JOISSA JOUKKOVELKAKIRJALAINAN TARJOAMINEN TAI TÄMÄN TIEDOTTEEN JULKAISEMINEN TAI LEVITTÄMINEN OLISI LAINVASTAISTA. Lamor Corporation Oyj julkistaa senioriehtoisen vakuudellisen vihreän joukkovelkakirjalainan tarjouksen ja julkaisee esitteen Lamor Corporation Oyj ("Yhtiö" tai "Lamor") julkistaa tarjoavansa uusia euromääräisiä, kiinteäkorkoisia, senioriehtoisia ja vakuudellisia vihreitä velkakirjoja ("Velkakirjat"), joiden yhteenlaskettu nimellisarvo on enintään 25 miljoonaa euroa, ammattimaisille asiakkaille, hyväksyttäville vastapuolille ja tietyille yksityisasiakkaille (siten kuin kukin on määritelty direktiivissä 2014/65/EU, muutoksineen) ("Tarjous"). Velkakirjoje

Lamor Corporation Plc announces an offering of senior secured green notes and publishes a prospectus17.8.2023 10:00:00 EEST | Press release

Lamor Corporation Plc Press Release 17 August 2023, 10:00 a.m. EEST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS COMMUNICATION WOULD BE UNLAWFUL. Lamor Corporation Plc announces an offering of senior secured green notes and publishes a prospectus Lamor Corporation Plc (the "Company" or "Lamor") announces an offering of new euro-denominated fixed-rate senior secured green notes (the "Notes") with an aggregate nominal amount of up to EUR 25 million, to professional clients, eligible counterparties and retail clients (each as defined in Directive 2014/65/EU, as amended) (the "Offering"). The Notes are represented by units in denominations of EUR 20,000 and are offered for subscription in a minimum amount of E

Suomalainen Lamor kehitti menestyksekkään ratkaisun öljyn saastuttaman maaperän puhdistukseen Kuwaitin äärimmäisissä olosuhteisissa7.8.2023 10:00:00 EEST | Tiedote

Lamor Corporation Oyj Lehdistötiedote, 7.8.2023 klo 10 Suomalaislähtöinen, ympäristöratkaisuja globaalisti toimittava Lamor on tehnyt läpimurron Kuwaitissa öljyn saastuttaman maaperän kunnostuksessa. Yhtiön asiantuntijoiden kehittämä, Kuwaitin olosuhteisiin suunniteltu ratkaisu puhdistaa pilaantuneen maa-aineksen jopa ennakoitua paremmin. Lamorin aiemmissa maanpuhdistushankkeissa saamat globaalit kokemukset antoivat vahvat lähtökohdat optimaalisen ratkaisun suunnittelulle.

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom