Energy trading company signs offtake agreement for pyrolysis oil in the UK
ShipInsight – an online magazine focused on ship operation, ship management and marine journalism – reports that an energy and commodity trader Vitol and Wastefront, the Norwegian waste tire pyrolysis company, have announced a 10-year offtake agreement for the production of liquid hydrocarbons (pyrolytic fuel oil) and certain non-liquid products which will be produced at Wastefront’s first waste tire pyrolysis plant in Sunderland, UK, on its completion in 2023. In addition to the offtake agreement, Vitol and Wastefront have also established a framework agreement for the 10-year offtake from future end-of-life tire pyrolysis plants to be developed and built by Wastefront.