With the launch of its new Neste RE raw material, Neste is continuing on its decade-long course to reduce global dependency on crude oil by providing more sustainable alternatives to the transportation sector. The company is now funnelling the experience and expertise gained there into the development of more sustainable alternatives to the currently used virgin fossil-based feedstock in plastics and chemicals production.
Neste RE, the company’s newest offering, is a100% renewable and recycled raw material for the plastics and chemicals sector.
According to the company, the new product is produced from bio-based waste and residues, and waste plastic. Its renewable components are derived from waste, residue oils and fats and sustainably-produced vegetable oils. The recycled component is produced from chemically-recycled plastic waste that cannot be recycled mechanically, such as coloured, multilayer or multi-material packaging. Together, both serve as a sustainable feedstock alternative for the polymers and chemicals sectors.
“This new product provides a new solution for the industry to close the circle of material flows,” said Lars Börger, Vice President of Renewable Polymers & Chemicals at Neste.
Neste RE is available worldwide to the polymers and chemicals value chain including brands wishing to add bio-based and recycled content to their offering. It is a drop-in solution compatible with existing polymers and chemicals production infrastructures. Materials produced with Neste RE exhibit the same high quality as plastics based on virgin fossil feedstock, and are similarly recyclable.