UK chemical company INEOS and UPM Biofuels have entered a long-term renewable raw material supply agreement.
According to the agreement, UPM supply UPM BioVerno, raw material from wood pulp processing renewable residue, to INEOS Köln, Germany.
INEOS will use the renewable raw material to develop bio-attributed polyolefins.
The process has been certified by Roundtable on Sustainable Biomaterials (RSB). It will also contribute to a significant reduction in greenhouse gas emissions.
The new materials will be used in a broad range of applications, including plastic food packaging, medical and pipes.
The material will also be used to produce bio-attributed polyvinyl chloride (PVC).
INEOS business INOVYN manufactures the world’s first commercially available bio-attributed PVC.
UPM Biofuels sustainability and market development head Maiju Helin said: “The collaboration with INEOS is a great step forward in the bio-economy.
“UPM BioVerno products now help to reduce climate and environmental impacts in an even broader range of applications. INEOS’s and UPM Biofuels’ commitment to RSB certification creates a strong common ground to build on.”
The partnership agreement is in line with INEOS plans to develop plastic using renewable raw materials.
INEOS Olefins and Polymers Europe North CEO Rob Ingram said: “The agreement supports INEOS plans to make plastics from renewable raw materials, which contribute to a significant reduction in carbon emissions.”
“We are pleased to be working with UPM Biofuels. This partnership in combination with RSB certification gives customers the confidence that they are choosing a high quality, sustainable product.”