Talk to an expert

Newsroom

BlueAlp and LBC Tank Terminals secure EU Just Transition Fund

€1.5 million grant supports FEED phase of advancing industrial-scale chemical recycling and value chain integration

Rotterdam / Eindhoven, The Netherlands, 16 June 2026 — BlueAlp and LBC Tank Terminals have been awarded a €1.5 million grant from the European Union’s Just Transition Fund (JTF) through the JTF Rijnmond program to support the Front-End Engineering Design (FEED) phase of their planned large-scale chemical recycling plant in the Rotterdam region.

The FEED study will cover technical feasibility, detailed engineering, logistics, site implementation, terminal integration, permitting and financing. 

As Europe’s largest tank storage operator for pyrolysis oil, LBC provides direct access to critical infrastructure within the Port of Rotterdam. 

Co-locating BlueAlp’s chemical recycling process plant at LBC’s existing terminal site is expected to create significant synergies, including heat integration and transport optimization, further reducing CO₂ emissions and strengthening project economics. 

The EU Just Transition Fund supports regions in accelerating the transition toward climate neutrality by fostering sustainable industrial development, innovation and investment, in line with EU Cohesion Policy. 

Valentijn de Neve, CEO of BlueAlp, says, “I am very proud of our collaboration with LBC Tank Terminals. Together, we are developing a highly competitive project that represents a step change in both economics and environmental footprint, driven by the benefits of integration. The support from the Just Transition Fund Rijnmond enables us to advance this project in response to Europe’s growing regulatory demand.” 

Radboud Godron, Group Business Development Director New Energies of LBC Tank Terminals, adds, “We are pleased to support BlueAlp in advancing this important project and welcome the recognition from the Just Transition Fund Rijnmond. This collaboration reflects LBC’s commitment to enabling circular solutions by leveraging our existing infrastructure and capabilities. By integrating BlueAlp’s chemical recycling technology within our Rotterdam terminal site, we are taking a concrete step toward scaling sustainable value chains and contributing to Europe’s transition toward a low-carbon and circular economy.” 

This project is co-funded by the European Union through the Just Transition Fund (JTF) Rijnmond programme 2021-2027. 

About LBC Tank Terminals 

As a leading international and independent liquid bulk storage company, LBC Tank Terminals forms an integral part of its customers’ supply chains. The company provides essential infrastructure and innovative services for transporting products from areas of supply to areas of demand. As a connected partner in current and future logistics networks, LBC is a relevant player in the energy transition. It enables efficiency gains in customers’ businesses and supports their growth ambitions, helping pave the way toward a carbon-neutral society. As part of the Mitsui O.S.K. Lines (MOL) Group, LBC is uniquely positioned to accelerate the development of new energies by leveraging global shipping and logistics expertise to develop integrated, sustainable solutions. 

www.lbctt.com 

LBC media contact: Maxime Van Cauwenbergh | m-vancauwenbergh@lbctt.com | +32478770170

About BlueAlp

BlueAlp is a leading chemical recycling technology company, with a proven and scalable technology to convert mixed plastic waste into circular base material for the petrochemical industry. Driven by its mission to accelerate plastic recycling, BlueAlp enables the transition toward a truly circular plastics economy. BlueAlp has developed its unique process step by step, starting with its first 3kt plant in Switzerland. Building on this solid foundation, Renasci (now BlueAlp Oostend) licensed BlueAlp’s technology to develop and operate a 21kt scaleup facility, demonstrating the robustness and commercial readiness of the process. Today BlueAlp is growing its operations globally, which includes amongst others building the largest pyrolysis plant of Italy together with Italian waste manager RES. 

BlueAlp operates through three complementary business models: the development and licensing of proprietary technology; the delivery of detailed engineering and fabrication of chemical recycling plants; and the ownership and operation of chemical recycling facilities. Headquartered in Eindhoven, the Netherlands, BlueAlp employs approximately 130 people, incl. BlueAlp Oostend employees in Belgium. The company is supported by a strong shareholder base including Borouge International, Shell, Rumali, Den Hartog, and Mourik. 

www.bluealp.nl 

BlueAlp media contact: 

Urvashi Athavale | Urvashi.athavale@bluealp.nl | +31 (0)85 782 3044