Neste, Alterra and Technip Energies collaborate in standardized technology for chemical recycling

Neste, Alterra and Technip Energies have signed a collaboration agreement in providing standardized technology solution for chemical recycling, based on Alterra’s proprietary liquefaction technology.

Alterra’s Akron Plant in Ohio. (Source: Alterra)

Alterra’s technology is a thermochemical liquefaction process, which converts hard-to-recycle plastics into a liquid hydrocarbon product. This liquid intermediate product can then be further refined into high-quality raw materials for new plastics and chemicals.

As of today, Neste alone has processed more than 6,000 tons of plastic-derived feeds, including ISCC PLUS certified oil from Alterra’s industrial-scale site in Akron, Ohio.

In the collaboration, Alterra and Neste will license the liquefaction technology while Technip Energies will design, engineer and deliver the standardized liquefaction plant solution to interested parties globally.

The readily designed and engineered liquefaction plant modules will allow for lower pre-investment costs, accelerated implementation time, high predictability on project economics and reduced overall capital costs.

With more effective execution of chemical recycling, the solution helps the industry to reduce dependency on virgin fossil resources and accelerate the circularity of polymers and chemicals.