Neste and Ikea of Sweden announced a partnership. The companies aim to produce plastics and other materials that are used today and replace virgin fossil feedstock with renewable or recycled waste and residue raw materials. Furthermore, the companies expect to widen their cooperation towards new technologies and other opportunities. Their target is to produce the first proof-of-concept during 2017.
IKEA wants to take a lead in turning waste into resources, developing reverse material flows for waste materials, and ensuring key parts of IKEA’s range are easily recycled. The company is starting with their home furnishing plastic products to be renewable or recycled material. This represents about 40 % of the total plastic volume used in the IKEA range.
- Neste, Helsinki, Finland
- IKEA Group, Sweden