Neste has set itself the target of processing more than one million tonnes of plastic waste per year from 2030 onwards.
Neste, the world's leading supplier of renewable diesel, renewable aviation fuel and an expert in providing renewable chemical drop-in solutions, and Ravago, the world's leading distributor and recycler of polymers, are joining forces to develop chemical recycling of plastic waste with the goal of achieving significant industrial volumes. The companies have a common goal of achieving a capacity to process over 200,000 tonnes of plastic waste per year.
By working together on chemical recycling, Neste and Ravago aim to accelerate materials recycling and improve resource efficiency in the petrochemical industry. Both companies also want to offer more sustainable alternatives to primary fossil raw materials. Chemical recycling of plastic waste enables the petrochemical industry to achieve its recycling targets and develop a more sustainable, climate-friendly offering.
"Ravago's geographic reach and expertise in plastics recycling, on the one hand, and Nestes' track record in processing sophisticated refinery raw materials, on the other, provide an excellent basis for demonstration and rapid expansion of chemical recycling. The collaboration also brings Neste closer to the partnerships and infrastructure necessary to achieve our goal of Plastics Pledge. This goal is to process more than one million tons of plastic waste by 2030. In this way, we can help to increase the annual European recycling rate of post-consumer plastic waste by 25 to 30 percent compared to the current level," says Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals, Neste.
"Ravago is passionate about waste. Our company has been mechanically recycling polymers for nearly 60 years. However, chemical recycling should be part of a sustainable solution that our society needs today to address the growing need to recycle post-consumer waste. We are proud and enthusiastic to build this partnership with Neste, the leader in renewable products, as the partnership provides a solid foundation to mature the various emerging technologies and to gain a foothold in the wider industry. We want to provide a definitive response to the challenge of plastic waste," said Theo Roussis, CEO of Ravago.
Chemical recycling enables companies to convert even colored and mixed plastic packaging waste into high-quality raw materials for the production of new plastics, chemicals and fuels. Unlike mechanically recycled plastics, chemically recycled waste plastics can be used as raw materials for even the most sensitive applications such as primary packaging for food, pharmaceutical and medical products.
www.neste.com
