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Neste develops new solutions to decrease the use of crude oil

August 05/2020
MOSCOW (MRC) -- Neste launches a new research project which aims at developing sustainable and globally scalable raw materials and technology solutions for transportation fuels and the production of chemicals and polymers, according to Hydrocarbonprocessing.

These new solutions decrease the use of crude oil and tackle climate change. The new technologies will be based on scalable renewable and circular raw materials that have been difficult to utilize so far, such as forestry or agricultural residues, municipal waste, algae, waste plastics and carbon dioxide.
The commercialization of these raw materials requires long-term research and development of novel value chains with partners. Neste receives support for the project from Business Finland and works closely with companies, research institutes and universities.
Nestes target is to become a global leader in renewable and circular solutions. Innovation is an important enabler to strengthen our ambitious growth strategy. Our innovation activities focus on renewing the existing businesses and developing new raw materials and technology solutions for transportation fuels as well as chemicals and polymers, says Lars Peter Lindfors, Senior Vice President, Innovation at Neste.
In the next few years, Neste will increase its investments in research and development as well as create new jobs in innovation in Finland to secure the companys long-term growth targets. Increasing innovation promotes the competitiveness of Finnish research institutes and industry, and creates opportunities for new start ups.
We are developing waste carbon sources to substitute crude oil with a 5, 10 or 20 year horizon for significant commercial scale. Lignocellulosics could potentially provide a large pool of sustainable feedstock from agricultural and forestry waste and residues. Municipal solid waste and waste plastic are also interesting raw material sources, and could be a relatively short-term solution, says Lindfors.
Further down the road are algae-based solutions, renewable hydrogen and Power-to-X, which use CO2 and renewable electricity as raw material sources.
The new raw materials have high potential globally and could replace a significant amount of the worlds crude oil use for transportation fuels by 2040.

As MRC reported earlier, Neste and Jokey, a leading international manufacturer of rigid plastic packaging, have started collaborating with a target to develop the market for rigid packaging from sustainable renewable and recycled materials for food and non-food applications.

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Author:Margaret Volkova
Tags:Europe, PP, PE, crude and gaz condensate, homopolymer PP, HDPE, petrochemistry, recikling, packaging, Neste oil, sustainable development, Russia.
Category:General News
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