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

November 13/2019

MOSCOW (MRC) -- Neste, the worlds leading provider of renewable diesel, renewable jet fuel, and an expert in delivered drop-in renewable chemical solutions, and Ravago, the worlds leading distributor and recycler of polymers, are joining forces to develop chemical recycling of plastic waste with the aim to reach significant industrial scale, said Britishplastics.

Neste and Ravango have set a joint target to reach an annual capacity to process over 200,000 tonnes of waste plastic.

Through collaborating in chemical recycling, Neste and Ravago are aiming to accelerate circularity of materials and improve resource efficiency in the petrochemical industry.

The two companies also want to provide more sustainable alternatives to primary fossil feedstock.

As MRC informed earlier, Neste is committed to lowering its carbon footprint in production ahead of the EUs climate and energy targets. One concrete example of Nestes climate work is its new long-term agreement on wind power with a leading clean-energy company Fortum.

As MRC informed earlier, Neste Oyj and Borealis Polymers Oy, in co-operation with the energy companies Fortum Power and Heat Oy, Helen Oy, Vantaan Energia Oy and Porvoon Energia Oy - Borga Energi Ab, will conduct a preliminary study on recovering and utilizing excess heat generated at the Neste and Borealis industrial manufacturing facilities in Kilpilahti.

As MRC wrote before, in March 2018, Borealis and United Chemical Company LLP (UCC) signed a Joint Development Agreement (JDA) for the development of a world-scale polyethylene project, integrated with an ethane cracker, in the Republic of Kazakhstan.

In October 2019, Borealis AG lifted a force majeure declared early last month at its production site in Kallo, the company has confirmed to PNE. On 2 Sep, the company declared force majeure on refinery grade propylene and propane from its production site in Kallo, Belgium, as a consequence of unforeseen technical issues."

Borealis produces polypropylene at the Burghausen site.

According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. The company's wide range of renewable products enable our customers to reduce climate emissions. The company is the world's largest producer of renewable diesel refined from waste and residues, introducing  renewable solutions also to the aviation and plastics industries. It is also a technologically advanced refiner of high-quality oil products.
Author:Anna Larionova
Tags:PP, PE, Borealis, Neste oil.
Category:General News
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