EMV Capital buys idle Rotterdam pyrolysis plant, plans £6m restart
EMV Capital has acquired the shuttered Pryme One chemical recycling plant at Rotterdam's Botlek site through new subsidiary Winalot BV, in an all-debt-funded deal for an undisclosed sum. The firm plans roughly £6 million of additional investment to retrofit the plant with fluidised-bed reactor technology from its portfolio company DeepTech Recycling, targeting a return to commercial pyrolysis-oil production within about 18 months, subject to funding and technical performance.
Why this mattersA low-cost retrofit of an existing €50m-plus asset could test whether chemical recycling can move from technology demonstration to reliable industrial supply of pyrolysis oil feedstock.
- EMV Capital acquired the Pryme One chemical recycling plant in Rotterdam's Botlek area via new subsidiary Winalot BV.
- The deal consideration is undisclosed; the acquisition itself was debt-funded.
- Approximately £6 million of additional investment is proposed to restart the facility.
- The plant cost more than €50 million to build, reached mechanical completion in 2023 and began commissioning in 2024.
- Operations stopped in March 2026 after critical reactor problems.
- The restart plan relies on retrofitting a fluidised-bed reactor from EMV Capital portfolio company DeepTech Recycling, targeting resumption within about 18 months.