Corsair Group International

What Corsair Group International does

Corsair Group International is a privately held industrial-scale pyrolysis operator founded around 2020 and headquartered in Amsterdam (European HQ) and Bangkok (Asia HQ). The company deploys modular, automated pyrolysis reactor facilities that heat mixed plastic waste in an oxygen-free environment to produce three outputs: ISCC-certified pyrolysis oil (the primary commercial product), an energy-rich gas that is captured and reused as process heat, and a solid char/carbon-black residue that is sold into various industrial buyers. As of the latest available data, Corsair operates 14 facilities across 7 countries including the Netherlands, Thailand, Finland, and Sri Lanka, with more than 100 pyrolysis reactors installed, and produces 40M+ liters of pyrolysis oil and offsets 20M+ tons of plastic waste per year. Underpinning the operating model is the proprietary CPRS (Corsair Plastic Waste Removal Standard), a third-party audited framework intended to guarantee traceability from waste collection to certified oil delivery, and the company holds ISCC certification required for circular feedstock claims by major petrochemical buyers.

Revenue is generated exclusively through B2B offtake partnerships with petrochemical and energy majors, under which Corsair sells ISCC-certified pyrolysis oil as a circular raw material feedstock. Three enterprise customers are named: Shell Chemicals Europe B.V. (flagship offtake partner, with oil delivered from Corsair's Kaipola, Finland facility to Shell's Moerdijk plant in the Netherlands and designated future European sites), Aster (primary Asia-Pacific offtake partner integrating oil into regional supply chains across Thailand, Sri Lanka, and future Asian sites), and Kera Energy (principal offtake partner for the Kaipola facility, with plans to expand alongside new global facilities). The target customer segments are petrochemical companies (primary), packaging producers, industrial manufacturers (automotive, electronics), and consumer brands, all seeking certified circular feedstock to meet recycled-content mandates and corporate sustainability targets. Pricing is governed by bespoke offtake agreements rather than disclosed pricing, and the company's go-to-market is direct enterprise sales supplemented by strategic channel partnerships with these offtake counterparties.

Name

Corsair Group International

Legal name

Corsair Group International

Website

https://corsairnow.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Corsair Group International operates 14 industrial pyrolysis facilities across 7 countries, converting plastic waste into ISCC-certified pyrolysis oil sold under offtake agreements to petrochemical majors including Shell Chemicals Europe, Aster, and Kera Energy for circular plastics production.

Ownership category

akta.pro rank

Product category

Plastic Waste Recycling / Circular Plastics Feedstock

NAICS

Petrochemical Manufacturing (325110)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Plastic-to-Fuel/Oil & Feedstock Upgrading (Naphtha/Cracker Feed) (EUAIAKAL)

akta.pro secondary industries

Waste Pyrolysis (Plastics/tires/biomass-to-oil/char) (EUAAAKAF), Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis) (IMANAMAD)

Keywords

• Plastic waste recycling
• Pyrolysis oil production
• Circular plastics feedstock
• Chemical recycling technology
• ISCC-certified pyrolysis

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Pyrolysis Oil Sales: Sale of ISCC-certified pyrolysis oil to petrochemical companies for use as circular raw material feedstock in plastics production. Revenue generated through offtake agreements with major partners like Shell Chemicals Europe, Aster, and Kera Energy. Oil can be upgraded through refinery and steam-cracking processes to produce certified circular polymers.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Corsair Group International uses advanced pyrolysis technology to convert plastic waste into ISCC-certified pyrolysis oil that is sold as circular feedstock to petrochemical companies. The pyrolysis process produces three outputs: pyrolysis oil (the primary commercial product), energy-rich gas (captured and reused internally as process heat), and solid residue/char (utilized by other industries). Offtake partnerships with Shell Chemicals Europe, Aster, and Kera Energy anchor demand for the certified circular feedstock.

Product overview

Corsair Group International operates as a plastic waste recycling company using advanced pyrolysis technology to convert plastic waste into valuable circular feedstocks. The core offering consists of ISCC-certified pyrolysis oil—the main product sold to petrochemical companies for use in producing new circular plastics. The company also produces captured gas (reused as process energy) and solid residue/char as byproducts. Corsair's modular facility design enables scalable deployment across multiple countries, with the CPRS (Corsair Plastic Waste Removal Standard) ensuring ethical sourcing of plastic waste inputs. The company positions itself as a key supplier to major global petrochemical companies seeking certified circular raw materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Pyrolysis Oil (ISCC-certified circular feedstock)

Quantifiable outcome

• 20M+ tons of plastic waste offset per year
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Shell Chemicals Europe B.V.flagshipChannel Partner/ Reseller/ DistributorPrimary offtake partner for pyrolysis oil output from Corsair's Kaipola facility in Finland and designated future European production sites. Pyrolysis oil is transported to Shell's Moerdijk facility in The Netherlands for use in circular new plastics production. This partnership validates Corsair's quality and positions the company as a key contributor to Europe's circular plastics ecosystem.
• AstercoreChannel Partner/ Reseller/ DistributorPrimary offtake partner for pyrolysis oil produced across Corsair's Asian facilities. Aster is a leading provider of energy and infrastructure solutions for Asia-Pacific, integrating ISCC-certified pyrolysis oil into regional supply chains as a circular alternative to virgin fossil feedstock. Supports Corsair's growth across Thailand, Sri Lanka, and future Asian operational sites.
• Kera EnergycoreChannel Partner/ Reseller/ DistributorPrincipal offtake partner for pyrolysis oil produced at Corsair's Kaipola facility in Finland, with collaboration set to expand as additional facilities are commissioned globally. Kera Energy integrates Corsair's ISCC-certified pyrolysis oil into operations, supporting transition away from virgin fossil-based inputs and helping brands meet regulatory requirements for recycled content.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Renewlogy: Renewlogy operates commercial pyrolysis plants turning mixed plastic waste into naphtha-equivalent pyrolysis oil. Direct peer in plastic pyrolysis-to-feedstock.
• Plastic Energy: Plastic Energy is one of the most established operators of pyrolysis-based plastic-to-oil recycling, with a similar plant-by-plant offtake model into petrochemical majors (e.g., SABIC). Directly comparable technology and customer approach to Corsair.
• Agilyx AS: Agilyx develops and licenses pyrolysis technology to convert waste plastics into crude oil feedstock, including a joint venture with Braskem in the U.S. Closely comparable pyrolysis IP and offtake-to-petrochem business model.
• Mura Technology: Mura operates HydroPRS™ advanced (supercritical) chemical recycling of plastics into feedstocks, in partnership with companies like Dow and Mitsubishi. A direct competitor targeting the same ISCC-certified circular-feedstock market.
• Resynergi: Resynergi builds continuous-flow pyrolysis systems that convert plastic waste to pyrolysis oil for use as petrochemical feedstock. Direct peer in pyrolysis technology deployment.

Broad incumbents

• BASF SE (ChemCycling / Ccycled): BASF is a global petrochemicals incumbent operating its ChemCycling program, procuring pyrolysis oil from third parties to produce mass-balanced 'Ccycled' plastics. A key demand-side incumbent shaping the market Corsair serves.
• Veolia Environment: Veolia is one of the largest waste-management incumbents globally and has been investing in chemical recycling partnerships. Broad environmental-services incumbent with overlapping interest in plastic-to-feedstock supply chains.
• Suez SA: Suez is a major environmental services and water/waste management incumbent with growing activity in advanced plastic recycling. Broad incumbent comparable at the waste-collection and recycling-supply level.
• Eastman Chemical Company: Eastman is building its own polyester-renewal (chemical recycling) plant in Tennessee, making it both a competitor and downstream consumer of pyrolysis-oil feedstocks. Major incumbent in chemical recycling.

Emerging players

• Sapphire Technologies (formerly Resinate Materials)/Recycl8 (placeholder): OMV operates a chemical-recycling demonstration plant producing base chemicals from plastic waste via pyrolysis at its Schwechat refinery. Comparable petrochemical-side player integrating pyrolysis oil into refining/petrochem operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/corsairgroup
• YouTubeyoutube.com/channel/UCo0mwBoHBJJOTbZxibsVTlQ
• Facebookfacebook.com/CorsairInternational
• LinkedInlinkedin.com/company/socium-development
• Instagraminstagram.com/corsair.international
• TikToktiktok.com/@corsair.international

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corsair Group International