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    NESTE   FI0009013296

NESTE OYJ

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Neste Oyj : successfully completed its first industrial-scale processing run with liquefied waste plastic in Finland

12/21/2020 | 04:05am EDT
Neste has a target to process annually over 1 million tons of waste plastic from 2030 onwards. The company plans to use liquefied plastic waste as a raw material at its fossil oil refinery to upgrade it into high-quality drop-in feedstock for the production of new plastics. Photo: Neste

Neste successfully processed 400 tons of liquefied plastic waste at its refinery in Finland this fall, an amount corresponding to the annual amount of plastic waste generated by 20,000 average European citizens*. This was the first time Neste processed liquefied waste plastic at an industrial scale. During the run, packaging and mixed waste plastics were upgraded into high-quality recycled feedstock for petrochemical industry uses, e.g. for the production of new plastics.

The processing run marks a very important milestone with regards to Neste's strategic aims of driving circular economy and replacing crude oil use at its own refineries. Neste's target is to process over 1 million tons of waste plastic annually from 2030 onwards.

Preparations for the next processing runs ongoing

Neste aims to increase the volumes of liquefied waste plastic processing gradually to continue learning and developing the value chains and processing technologies. Next processing runs at Neste's fossil oil refinery in Porvoo are already being prepared for 2021.

"We are very excited to have successfully completed our very first industrial-scale processing run with liquefied waste plastic. While there is still a lot of work to be done, this is a huge step for our industry towards turning hard-to-recycle plastics from waste to a valuable resource, making circularity a reality," says Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals at Neste. "Together with the renewable feedstock that we have already been providing for the production of high-quality, high-performance polymers and chemicals with reduced carbon footprint, these new volumes produced through chemical recycling of plastic waste will significantly contribute to accelerating the necessary shift towards the circular bioeconomy for plastics."

Prior to the trial, Neste carried out extensive research and laboratory tests in addition to conducting comprehensive analyses with regards to production assets and processes to ensure the feasibility and safety of processing this new recycled raw material.

"The trial run is a result of great cooperation throughout the Neste organization. We have technically advanced refineries and the required expertise in refining low-quality waste and residue raw materials into high-quality end products. These factors will enable us to reach our goal to develop Porvoo refinery towards co-processing renewable and circular raw materials", says Marko Pekkola, Executive Vice President, Oil Products, Neste.

In the sourcing of liquefied waste plastic for the first processing run, Neste was supported by its partner Ravago. Together with Ravago and several other plastics value chain partners, Neste is developing chemical recycling technologies and capacity to enable recycling of plastic waste streams that are considered unsuitable for mechanical recycling and are currently destined for incineration or landfills. Developing ecosystems to chemically recycle plastic waste supports the global efforts to reduce plastic waste, which can help prevent littering of the environment. By providing plastic waste a high-value outlet, a new life cycle, Neste and its partners help keep plastics in circulation, while also providing new means to reduce crude oil dependency in the production of new plastics.

*) Calculations are based on figures by Eurostat.

Neste Corporation
Susanna Sieppi
Vice President, Communications

Further information:

Please contact Heikki Färkkilä, Vice President, Chemical Recycling, Renewable Polymers and Chemicals via Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays from 8:30 a.m. to 4:00 p.m. (EET).

Read also:

Neste RE enables a future where all plastic products can be made of renewable and recycled materials - and the future starts today

Neste and DSM announce strategic partnership to create high performance materials made from sustainable feedstock

Neste, Recycling Technologies and Unilever combine expertise to test and validate systems to chemically recycle waste plastics

Neste and Jokey collaborate to develop the market for rigid packaging from renewable and recycled materials

Neste and Ravago start collaboration to enable chemical recycling of over 200,000 tons of plastic waste annually

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company's comparable operating profit coming from renewable products. Read more: neste.com & www.neste.com/companies/products/plastics

Disclaimer

Neste Oyj published this content on 21 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2020 09:04:05 UTC


© Publicnow 2020
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