Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry
Neste Corporation, Press Release, 17 December 2024 at 9 a.m. (EET)
Photo: New renewable feedstock derived through co-processing of renewable raw materials expands Neste’s offering for polymers and chemicals production. Source: Neste
- Neste complements its offering of more sustainable feedstock for polymers and chemicals production with co-processed Neste RE, a complementary solution to existing renewable and recycled Neste RE
- Thanks to the use of renewable raw materials in the production of Neste RE, the product has a smaller carbon footprint than conventional fossil feedstock commonly used in the chemicals industry
Neste expands its offering for the polymers and chemicals industry by introducing a co-processed renewable feedstock under its established Neste RE™ brand. By co-processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals. Replacing fossil crude oil with renewable raw materials leads to a feedstock with a reduced carbon footprint compared to conventional fossil feedstock used in the chemicals industry.
A mass balance approach will be applied to attribute the renewable raw materials used in the process as well as the related sustainability benefits to the Neste product, which encompasses pure hydrocarbons that can replace fossil feedstocks such as naphtha or propane in plastics and chemicals manufacturing.
“Our goal is simple: reduce the use of fossil raw materials in the chemicals industry,” explains Jeroen Verhoeven, Commercial Director for Polymers and Chemicals at Neste. “With co-processing of renewable raw materials, we are expanding our offering for the chemicals industry. At the same time, it marks another step in the gradual transformation of our crude oil refinery in Porvoo into a renewable and circular solutions refining hub.”
With the co-processing of renewable raw materials, Neste introduces a third route to produce Neste RE, complementing the production from 100% renewable raw materials at the company’s renewables refineries based on the company’s proprietary NEXBTL technology, as well as via chemical recycling of circular raw materials such as hard-to-recycle plastic waste.
With this new co-processed Neste RE feedstock for the polymers and chemicals industry, Neste is building on experience gained in the co-processing of renewable raw materials into marine fuel and heating liquids.
Neste Corporation
Hanna Maula
Senior Vice President, Communications, Sustainability and Public Affairs
Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/media/subscribe.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for mitigating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the CDP and the DJSI lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com
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