In the newly announced collaboration between Neste and PCS, the focus is on PCS’s decision to partially replace the fossil-based feedstocks it uses to manufacture essential chemicals like ethylene, propylene, and butadiene by Neste RE, the renewably-sourced feedstock developed by Finland-based Neste. Neste RE, derived from renewable waste materials such as used cooking oil and residues from vegetable oil processing, will be supplied to PCS's facilities in Singapore. The introduction of renewable raw materials to replace fossil ones in chemicals and plastics value chains in the region will reduce the carbon footprint of the resulting products, that will nevertheless be equal to their fossil counterparts in terms of quality, safety and performance.
The renewable products produced through this cooperation will initially be supplied to companies like Mitsubishi Corporation, Toray Plastics, and Synthomer.
The partnership is particularly significant as it establishes one of the first ISCC-certified renewable value chains for butadiene in Southeast Asia, said Hisashi Shibayama, managing director at PCS. “This partnership not only emphasises our dedication to reducing reliance on virgin raw materials but also enhances our ability to meet the increasing demand from our customers for more sustainable solutions. This serves as the initial foundation in our vision to establish a sustainable essential chemicals’ ecosystem.”
It represents the next step towards a sustainable chemicals ecosystem and ‘a significant step for Neste RE in Singapore,’ noted Jeroen Verhoeven, commercial director, Polymers and Chemicals at Neste. “Together, we can help companies bring down their Scope 3 emissions in an efficient and impactful manner,” he said.