Neste, provider of renewable diesel, renewable jet fuel and drop-in renewable chemical offerings, and Remondis, a privately owned recycling, service and water company, sign an agreement to collaborate in the development of chemical recycling of plastic waste. The companies will focus on developing and accelerating chemical recycling with a target to reach an annual capacity to process over 200 kilotons of waste plastic.
Mechanical recycling of plastics has made a positive contribution to circular economy, raw material security and climate protection for decades. By joining forces, Remondis and Neste combine Remondis’s waste collecting and sorting capabilities and Neste’s experience and know-how in oil refining and processing of low-quality waste and residue materials. The companies want to build an ecosystem around chemical recycling to enable other companies in the value chain to join the initiative and close the material circle for plastics that are difficult or impossible to recycle. Chemical recycling of plastics breaks down plastic waste into a raw material for the plastics and chemicals industries to use in the production of new high-quality plastics, chemicals and fuels.
“In order to establish chemical recycling of plastics at an industrial scale, it is necessary that the recycling industry and the chemical industry work closely together. The partnership between Remondis and Neste will focus on creating an optimal recycling process to make even more plastics circular,” says Jürgen Ephan, managing director, Remondis Recycling.
“We are driven by our purpose of creating a healthier planet for our children. Chemical recycling will enable us to circulate carbon in society over and over again and reduce crude oil dependence, which is one of Neste’s key targets as a sustainability leader in our industry,” says Mercedes Alonso, executive vice president, renewable polymers and chemicals, Neste.
“Collaboration between Remondis and Neste will bring us one step closer to fulfilling our commitment to process annually more than one million tons of waste plastic from 2030 onwards.''
For more information, visit: www.neste.com