Neste has acquired a minority stake in Alterra Energy and with this move, both the companies will work together to commercialize Alterra’s proprietary thermochemical liquefaction technology in Europe which proves useful for the production of polymers and chemicals from waste plastics.
Under a strategic partnership signed between Royal DSM and Neste, DSM will help Neste to create high-performance sustainable polymers in order to reduce the carbon footprints of its own products and also support the circular economy transition.
Neste and LG Chem have entered into a strategic long-term partnership under which LG Chem will use Neste’s renewable hydrocarbons instead of fossil feedstock for producing sustainable polymers and chemicals.
With the acquisition of Bunge Loders Croklaan's Rotterdam plant, Neste has plans to increase its raw material pre-treatment capacity for the production of renewable products. The move is in line with the company’s global growth strategy for renewables.
Under a joint project, a 4.02 million dollar grant has been awarded by UK Research and Innovation to Recycling Technologies, Neste and Unilever for developing a chemical recycling process which will enable to make hard-to-recycle plastic packaging recyclable.
Covestro has received its maiden batch of renewable phenol from Borealis. The renewable phenol has been produced with ISCC Plus certified hydrocarbons from Neste and Covestro will be using it to produce high-performance plastic polycarbonate.
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Neste has plans to restructure its refinery operations in Porvoo and Naantali, Finland due to the declining demand for fossil oil products and growing demand for renewable energy solutions in the near future.
The transport company, HRX Group plans to utilise the Neste My Renewable Diesel for its operations in Finland and in the Baltics. With this move, the company aims at reducing significant greenhouse gas emission which will be equivalent to removing nearly 290 passenger cars from the roads for a year.