Neste has collaborated with Ravago in order to develop chemical recycling of plastic waste on an industrial scale. With this move, the companies aim to accelerate circularity of materials and improve resource-efficiency in the petrochemical industry.

Avantium’s new demo plant in the Netherlands will utilise the firm’s Ray technology to produce plant-based mono-ethylene glycol. With an annual capacity of 10 tonnes, the unit will also produce plant-based mono-propylene glycol.

With an aim to contribute to the circular economy, Eastman will be making use of its carbon renewal technology to recycle old carpets and create new materials from them. The company has also collaborated with Circular Polymers to secure feedstock for the technology.

Borealis and Neste are entering into strategic co-operation for the production of renewable polypropylene (PP). The co-operation is to enable the Austrian group to start using its partners renewable propane as renewable feedstock at its facilities in Kallo and Beringen, Belgium, starting end of 2019.

Dow and UPM Biofuels have teamed up to produce plastics from a bio-based renewable feedstock for the packaging industry. With this move, Dow plans to address the growing demand for renewable plastics across the globe.

Raven Petroleum plans to use specialised technologies by combining cogeneration, natural gas and base-load renewable power to process Texas crude. The project is expected to benefit the region’s economy and generate jobs for the locals.

OPEC’s World Oil Outlook (WOO) 2019 offers an insight into the medium and long-term projections as well as an assessment of the oil and energy industry across the globe.

Total’s Synova aims to produce 40,000 tonnes of recycled polypropylene per year by 2021 to meet the growing demands for high-performance recycled materials from the automobile sector. The move is in line with the company’s ambition of becoming a responsible energy major.

Eastman’s unique Carbon Renewal Technology makes use of waste plastic to produce new polyester-based polymers. The company plans to use up to 50 million pounds of waste plastic in its carbon renewal technology operations in 2020.

Neste opens a new office in Düsseldorf, Germany, to serve as the global hub for its Renewable Polymers and Chemicals business unit.