Neste works to commercialize plastic chemical recycling in Finland

Finnish plastics and chemicals company Neste is working to help commercialize chemical recycling of plastic waste in Finland.

The company is exploring the possibility of investing in liquefied plastic waste processing capacity at its Porvoo refinery.

Neste plans to implement proprietary technologies to pre-treat and upgrade liquefied plastic waste to increase its material processing capabilities.

This will accelerate the company’s efforts to treat more than one million tons of plastic waste per year from 2030.

In its first stage, Neste aims to increase its pre-treatment and upgrading capacity to 400,000 tonnes per year.

Mercedes Alonso, Executive Vice President of Neste Renewable Polymers and Chemicals, said: “By increasing our processing capabilities, we are improving our ability to process hard-to-recycle plastic waste and helping our value chain partners deliver volumes substantial amounts of high quality materials. from recycled raw materials.

The project comes after Neste successfully completed its first round of liquefied plastic waste processing trials at the Porvoo plant in January this year.

The company plans to conduct additional trials with larger volumes this year.

Prior to developing and increasing the capacity of the facility, Neste will assess innovation financing options and work with local authorities on various aspects of the investment.

The company plans to start implementing the project by 2024.

Neste Oil Products Executive Vice President Markku Korvenranta said, “We are excited to continue to expand liquid plastic waste processing capabilities at our Porvoo refinery.

“The planned new pre-treatment and upgrading capacities are part of our goal to be the most sustainable refinery in Europe by 2030 while supporting the transition to circular polymers.”

In December 2020, Neste announced that it had successfully processed 400 tonnes of liquefied plastic waste at its refinery.

The company transformed packaging and mixed plastic waste into recycled raw materials for the petrochemical industry.

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