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BUSINESS OVERVIEW : ACHIEVEMENTS IN Q3 2021 Pryme making plastics circular Construction update Our first industrial scale pilot plant is under construction at the PlantOne facility in the port of Rotterdam . It will have an annual plastic intake capacity of 40,000 tonnes . In the third quarter steady progress was made on planning , contracting and construction of the plant . Most commitments for the construction are now locked in contractually and the detailed design is frozen . The design includes additional flexibility to facilitate process improvements that will benefit future plant designs . Civil works started in August and the foundations are now ready for installation of the steel structure , which is due in December . Equipment installation is planned for Q1 22 and start of commissioning will start as expected in Q2 22 , with start of production in 2H 22 . Contracts on utilities and connections outside battery limits are currently being negotiated . Strategic Agreements Pryme was excited to sign a strategic cooperation and offtake agreement with Shell Chemicals Europe in August . This was the result of four years of constructive dialogue between parties . The strategic cooperation agreement outlines the common strategic aim to foster development of the value chain . Although non - exclusive , the agreement recognizes the role of Shell promoting the development of our concept through a commitment for a significant part of the volume of our first plant . The agreement also defines the path towards supply from the projected future plant in the Rotterdam area . This phase 2 plant would start production in 2025 with a plastic intake capacity of 450'000 tonnes p / a , thus producing about 340'000 tonnes p / a of pyrolysis oil . The offtake agreement defines pricing and logistical arrangements for the supply of pyrolysis oil from our first plant . PRYME BV - Report Q3 21