• News
  • eNews
  • Connections
  • Specials
  • Videos
  • Events
  • Event Calendar
Neste and Ravago plan to set up JV for building chemical recycling facility
Source:Adsale Plastics Network    Editor:JK    Date:03.Nov.2021

Neste and Ravago aim to establish a joint venture to build an industrial facility for chemical recycling in North Sea Port in Vlissingen, the Netherlands, with an annual processing capacity of about 55,000 tons of mixed plastic waste.

 

The facility is intended to be the starting point of joint global chemical recycling activities, built upon the advancement of the thermochemical liquefaction technology of US-based Alterra Energy, an innovative chemical recycling technology company.

 

With this, Neste and Ravago, a world’s leading distributor and recycler of polymers, plan to demonstrate and advance the commercialization of chemical recycling. The transaction is waiting for and subject to regulatory approval.


1_web.jpg

Aerial view of the designated location in North Sea Port in Vlissingen.


This strategic partnership combines Ravago’s expertise in the mechanical preparation of plastic waste, Alterra Energy’s proprietary liquefaction technology, and Neste’s expertise in the processing of hydrocarbons.

 

“We are truly excited about the progress of our joint project work. By fixing the investment location and scope, we are again one step closer to turning our dream into reality,” commented Theo Roussis, CEO at Ravago. “Together with Neste, we have the necessary ingredients for a successful recipe to create scalable solutions, converting non-recyclable waste streams into valuable end products.”

 

“By combining the expertise of Ravago and Neste, we have the means to rapidly implement the technology to start production at commercial scale. With joint and dedicated efforts, we can bring together the know-how along the entire value chain to turn waste into valuable resources,” added Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals at Neste.

 

In 2019, Neste and Ravago set a joint target to reach the capacity to process over 200,000 tons of mixed waste plastic per year by 2030. Ever since, the companies have evaluated technologies, the raw material market, and built joint business cases to develop chemical recycling capacities. In 2020, Neste also successfully conducted the first of several industrial trial runs with liquefied waste plastic at its oil refinery in Finland.

Like

0

Leave A Comment

Submit

All Comments

Articles You'll Like