A process for converting pyrolysis effluent stream into hydrocarbon products. Waste plastics are pyrolyzed at high temperature in a pyrolysis reactor to obtain a plastic pyrolysis effluent stream. The plastic pyrolysis effluent stream is further sent to a steam cracking unit for the separation of plastic pyrolysis effluent stream into a C5+ hydrocarbon stream and a C4 hydrocarbon stream. The pyrolysis reactor is operated at a to obtain hydrocarbon products of high value.