MOSCOW (MRC) -- TechnipFMC and Neste, owner of the world’s leading NEXBTL technology, announced that they have established a partnership whereby TechnipFMC will become Neste’s provider of Front End Loading (FEL) services for future Neste NEXBTL projects, said TechnipFMC on its site.
The agreement also covers TechnipFMC’s participation during the execution phase of future NEXBTL projects.
The NEXBTL technology allows the conversion of second generation feedstock like vegetable oil or waste fat into renewable diesel and other renewable products. The NEXBTL technology is becoming increasingly important as it provides an efficient and sustainable solution in the fuels sector, while addressing environmental concerns. The technology allows production of renewable diesel that helps its users reduce greenhouse gas emissions by up to 90% over the lifecycle of the fuel compared to conventional fossil diesel.
The TechnipFMC-Neste partnership is a result of our long-term collaboration, illustrated by the successful delivery of two world-scale renewable fuels units in Rotterdam and Singapore and the ongoing expansion project of Neste’s renewable products facility in Singapore. This partnership aims to achieve industry-leading capital productivity, through the highest standards of HSE, improved operability, accelerated innovation and reduced project cycle time.
Catherine MacGregor, President Onshore/Offshore at TechnipFMC and CEO-Elect of Technip Energies, commented: "We are extremely proud to be Neste’s partner of choice for its future NEXBTL facility projects. This agreement confirms our leading position as a player geared towards technological advancement and solutions to support renewable fuels growth. It also reinforces our long-term relationship with Neste and our positioning in the energy transition journey."
Peter Vanacker, The President and CEO of Neste, noted: "Neste has transformed from a regional oil refining company into a global leader in renewable solutions. The transportation of people and goods is undergoing a rapid change. To combat climate change the world needs new and more solutions for decreasing emissions.
We are confident that in working closely together, the design and execution expertise of TechnipFMC will significantly further enhance the robustness of our NEXBTL technology as we grow our business where our strength lies."
As MRC wrote before, Neste, together with several European Union Member States and forerunner companies representing different parts of the European plastics sector, have just signed the European Plastics Pact in Brussels, Belgium. The European Plastics Pact is a frontrunner initiative and a platform for leading countries and private organizations from the entire plastics value chain from across Europe to collaborate and accelerate the systemic shift to a circular plastics economy in Europe.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 215,390 tonnes in the first month of 2020, up by 23% year on year. Shipments of all grades of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) increased due to higher capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 127,240 tonnes in January 2020, up by 33% year on year. ZapSibNeftekhim's homopolymer PP accounted for the main increase in shipments.
MRC