Neste is exploring ways to introduce liquefied waste plastic as a future raw material for fossil refining. The aim is to proceed to industrial scale trial during 2019. The company’s target is to process annually more than one million tons of waste plastic by 2030. Reaching industrial-scale production of products from plastic waste still requires development of technologies and value chains. Neste currently is looking for partners across the value chain, for example in waste management and upgrading technologies
In Europe, some 27 million tons of post-consumer plastic waste is generated annually. Only about one-third of this amount is currently collected for recycling. In January 2018, the European Union released its Strategy for Plastics in a Circular Economy. One of its objectives is to increase recycling of plastics and reuse of plastic packaging by 2030. In the EU Waste package, recycling target for plastic packaging was raised to 50 % by 2025 and 55 % by 2030.
Chemical recycling means using waste plastics as raw material for the refining and petrochemical industries to convert them into end products such as fuels, chemicals, and new plastics. Chemical recycling can create new outlets for plastic waste by enabling high end product qualities, thereby complementing traditional mechanical recycling.
In addition to exploring ways to use plastic waste as raw material, Neste is supporting the plastics industry and various plastics-consuming companies to reduce their crude oil dependency and climate emissions by producing durable and recyclable renewable plastics from bio-based raw materials, such as waste fats and oils. As an example, Neste and IKEA will produce polypropylene (PP) plastic from fossil-free, bio-based raw materials at commercial scale during fall 2018. This will mark the first time that bio-based PP is produced at a commercial scale.
- Neste Corporation, Espoo, Finland