Neste, LyondellBasell Reach Long-Term Commercial Agreement

June 17, 2021
Neste and LyondellBasell agree on long-term commercial relationship to make polymers and chemicals from renewable feedstock more widely available to global brands.

Neste and LyondellBasell announce a long-term commercial agreement under which LyondellBasell will source Neste RE, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany plant into polymers and sold under the CirculenRenew brand name, according to the companies. 

”We are very pleased that together with Neste we can bring our customers one step closer to the creation of more sustainable end products,” says Richard Roudeix, LyondellBasell senior vice president of olefins and polyolefins for Europe, Middle East, Africa and India. “The extended relationship with Neste is an important piece in our multi-pronged approach to deliver on our sustainability goals. We have already made some significant steps in this direction since the beginning of this year, amongst which the recent launch of our Circulen product family and the ISCC PLUS certification, which we have obtained for our European polymer sites.”

Through their collaboration, Neste and LyondellBasell are jointly contributing to the development of the European market for more sustainable polymers and chemicals solutions. By ensuring continuity with significant industrial-scale volumes of renewable polymers produced with renewable feedstock from bio-based sources, the companies reportedly hope to enable sustainability-focused brands to develop more sustainable products and offerings.

In April 2021, LyondellBasell launched the Circulen family of products. LyondellBasell’s CirculenRenew product line consist of polymers linked to renewable-based feedstocks, while polymers made from mechanically recycled materials are marketed under the brand name CirculenRecover and those linked to advanced (molecular) recycling are called CirculenRevive.

For more information, visit: www.neste.com

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