Neste and Remondis to develop chemical recycling of plastic waste

24 October 2019

Neste, a Finland-based global provider of renewable diesel, and Remondis, Germany’s biggest recycling, service and water company, signed an agreement to collaborate in the development of chemical recycling of plastic waste. The companies will focus on developing chemical recycling with a target to reach an annual capacity to process over 200 kilotonnes of waste plastic.

Mechanical recycling of plastics has been implemented on industrial scale for decades. Through joining forces, the companies combine Remondis’ waste collecting and sorting capabilities and Neste’s know-how in oil refining and processing of low-quality waste and residue materials. The companies wish to build an ecosystem around chemical recycling to enable other companies in the value chain to join the initiative and complement mechanical recycling by closing the material circle also for those plastics that today are difficult or impossible to recycle.

Chemical recycling of plastics breaks down plastic waste into a raw material for the plastics and chemicals industries to use in the production of new plastics, chemicals and fuels.

Neste is the world’s largest producer of renewable diesel refined from waste and residues. The company produces renewable products based on its NEXBTL hydrogenation technology in its refineries located in the Netherlands, Singapore, and Finland. In 2018, Neste’s revenue stood at EUR 14.9 billion.

Source: Neste