Lamor's project on the chemical recycling of plastics is progressing to the next stage
Lamor Corporation Plc Press release 5 January 2023 at 10:15 a.m. EET
Lamor's project on the chemical recycling of plastics is progressing to the next stage
Lamor´s project to build a facility for chemical recycling of plastics together with Resiclo Oy is progressing to its next phase. Lamor's first phase investment in the Kilpilahti project company has been made, and the next steps are more detailed planning of the process and starting the actual implementation. The project is unique, as no facility on this scale for chemical recycling of plastics has been carried out in Finland before. The recycling plant will produce from waste plastics chemically recycled raw material, which can be used in the petrochemical industry to produce recycled plastics and delivered to suitable refineries for further processing. Lamor communicated the construction of the chemical recycling facility together with Resiclo on 22 June 2022.
In the first phase, the aim is to build a 10,000-ton annual capacity in the Kilpilahti area in Porvoo, Finland. In the medium term, estimated by the end of 2026, Lamor aims to build a distributed chemical plastics recycling capacity of approximately 40,000 tons in Finland.
The cornerstone of Lamor’s strategy implementation is to act globally but locally. Lamor offers solutions in the customer's own operating environment meeting global quality standards by utilizing its global distribution network and project delivery references. Building upon these competitive advantages, Lamor is now expanding its offering in plastics recycling.
“This investment is the first significant step for Lamor to develop recycling of plastics. Our goal is to create a blueprint facility and references in Finland, after which we aim to utilize our international network to build similar recycling facilities in our strong market areas. One of our strategic targets is to be part of solving the global plastics problem with a 100-kiloton project portfolio of recycled plastics using our competitive advantages.”, says Mika Pirneskoski, CEO of Lamor.
There are significant initiatives globally to reduce the use of virgin crude oil in the petrochemical industry to combat climate change, and the chemical recycling market is expected to be in the magnitude of hundreds of billions of euros by 2050. Lamor’s long-term expertise in environmental solutions and Resiclo’s strong know-how in plastics chemical recycling will enable a systemic reduction of carbon dioxide emissions, efficient recycling, and the reduction of the environmental impact of plastics. Advanced chemical recycling enables increasing the amount of plastics getting recycled and sustainable raw materials in the plastics industry.
Further enquiries
Mika Pirneskoski, CEO, Lamor Corporation Plc, tel. +358 40 757 2151
Lamor in brief:
Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with equipment used for oil recovery, waste management and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. The company’s share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki under the trading code LAMOR. Further information: www.lamor.com
Resiclo in brief:
Resiclo is a Finnish circular economy start-up developing new advanced chemical recycling sites. Resiclo aims to develop plastics circular economy and build several chemical recycling sites in Europe. “We make plastics circular.” Further information: www.resiclo.com
About Lamor Corporation Oyj
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
A capital loan of EUR 6 million from the Finnish Climate Fund to Lamor’s project company to solve the recycling challenge of plastics22.5.2023 08:45:00 EEST | Press release
Lamor Corporation Plc Press Release 22 May 2023 at 8:45 a.m. EEST A capital loan of EUR 6 million from the Finnish Climate Fund to Lamor’s project company to solve the recycling challenge of plastics The Finnish Climate Fund has decided on a capital loan of 6 million euros to Lamor’s project company Lamor Resiclo Oy to enable the construction of a chemical recycling facility for plastics in Kilpilahti, Porvoo. The facility will make it possible to reuse the plastics that are difficult to recycle, instead of using incineration as a disposal route. Participating in solving the global plastics challenge with a 100-kiloton project portfolio of recycled plastics is one of Lamor’s strategic targets for the strategy period 2023-2025. Finding a solution to the plastics challenge is crucial for tackling climate change and transitioning towards a circular economy. The plastics industry, and more specifically plastics manufacturing, accounts for more than three percent of global emissions, and th
Ilmastorahastolta 6 miljoonan euron pääomalaina Lamorin hankeyhtiölle muovien kierrätyshaasteen ratkomiseen22.5.2023 08:45:00 EEST | Tiedote
Lamor Corporation Oyj Lehdistötiedote 22.5.2023 klo 8.45 Ilmastorahastolta 6 miljoonan euron pääomalaina Lamorin hankeyhtiölle muovien kierrätyshaasteen ratkomiseen Ilmastorahasto on päättänyt 6 miljoonan euron pääomalainasta Lamorin hankeyhtiölle Lamor Resiclo Oy:lle muovien kemiallisen kierrätyslaitoksen toteuttamiseksi Porvoon Kilpilahteen. Laitos mahdollistaa hankalasti kierrätettävien muovien uusiokäytön jätepolton sijaan. Osallistuminen globaalin muovihaasteen ratkaisemiseen 100 tuhannen tonnin kierrätysmuovin projektiportfolion avulla on yksi Lamorin strategiakaudelle 2023–2025 asettamista tavoitteista. Muovihaasteen ratkaisu on tärkeä osa ilmasto- ja kiertotaloustoimia. Pääosin muovien tuotannosta syntyvä osuus globaaleista päästöistä on yli 3 % ja maailmassa syntyvän muovijätteen määrä on kaksinkertaistunut viimeisen 20 vuoden aikana. Muovijätteestä vain kymmenesosa kierrätetään asianmukaisesti. Lamor ja Resiclo Oy ovat perustaneet hanketta varten hankeyhtiö Lamor Resiclo Oy:n
Lamorin tammi-maaliskuun 2023 osavuosikatsauksen julkistaminen ja kutsu webcast-tilaisuuteen 4.5.202327.4.2023 15:00:00 EEST | Tiedote
Lamor Corporation Oyj Lehdistötiedote 27.4.2023 klo 15.00 Lamorin tammi-maaliskuun 2023 osavuosikatsauksen julkistaminen ja kutsu webcast-tilaisuuteen 4.5.2023 Lamor Corporation Oyj julkistaa vuoden 2023 tammi-maaliskuun osavuosikatsauksensa torstaina 4.5.2023 noin klo 9.00. Osakkeenomistajille, analyytikoille ja tiedotusvälineille tarkoitettu englanninkielinen webcast-lähetys järjestetään 4.5.2023 klo 10.00. Tuloksen esittävät toimitusjohtaja Mika Pirneskoski ja talousjohtaja Timo Koponen. Webcastin aikana voi esittää kysymyksiä kirjallisesti suomeksi ja englanniksi chatin välityksellä. Webcastia voi seurata osoitteessa: https://lamor.videosync.fi/q1-2023-result/. Tilaisuuden esitysaineisto on saatavilla samana päivänä noin klo 10.00 osoitteessa sijoittajat.lamor.com/raportit-ja-esitykset/ ja tilaisuuden tallenne on saatavilla samalta sivulta myöhemmin samana päivänä. Lisätietoja Timo Koponen, talousjohtaja, Lamor Corporation Oyj, puh +358 40 749 2986 Lamor lyhyesti Lamor on yksi maai
Publication of Lamor’s interim report for January-March 2023 and invitation to results webcast on 4 May 202327.4.2023 15:00:00 EEST | Tiedote
Lamor Corporation Plc Press Release 27 April 2023 at 3:00 p.m. EEST Publication of Lamor’s interim report for January-March 2023 and invitation to results webcast on 4 May 2023 Lamor Corporation Plc will publish its interim report for January-March 2023 on Thursday 4 May 2023 approximately at 09:00 a.m. EEST. Webcast for shareholders, analysts and media will be arranged on 4 May 2023 at 10:00 a.m. EEST. The result will be presented by CEO Mika Pirneskoski and CFO Timo Koponen. The webcast includes a Q&A session and participants can ask questions in English and Finnish via the event chat room. The webcast can be followed at https://lamor.videosync.fi/q1-2023-result/. The presentation material will be available on the same day approximately at 10:00 a.m. EEST on investors.lamor.com/reports-and-presentations. A recording of the webcast will be available later on the same page. Further enquiries Timo Koponen, CFO, Lamor Corporation Plc, tel. +358 40 749 2986 Lamor in brief: Lamor is one of
Publication of Lamor’s financial statement release for the year 2022 and invitation to results webcast on 28 February 202321.2.2023 10:30:00 EET | Press release
Lamor Corporation Plc Press Release 21 February 2023 at 10:30 a.m. EET Publication of Lamor’s financial statement release for the year 2022 and invitation to results webcast on 28 February 2023 Lamor Corporation Plc will publish its financial statements release for the year 2022 on Tuesday 28 February 2023 approximately at 09:00 a.m. EET. Webcast for shareholders, analysts, and media will be arranged on 28 February 2023 at 10:00 a.m. EET. The result will be presented by CEO Mika Pirneskoski and CFO Timo Koponen. The webcast includes a Q&A session and participants can ask questions in English and Finnish via the event chat room. The webcast can be followed at lamor.videosync.fi/q4-2022. The presentation material will be available on the same day approximately at 10:00 a.m. EET on investors.lamor.com/reports-and-presentations. A recording of the webcast will be available later on the same page. Further enquiries Timo Koponen, CFO, Lamor Corporation Plc, tel. +358 40 749 2986 Lamor in bri
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