Neste has a target to process annually over one million tons of waste plastic from 2030 onwards. Credit: Neste.

Oil refining and marketing company Neste has successfully processed 400t of liquefied plastic waste at its refinery in Finland.

The company has performed an industrial-scale processing run with liquefied waste plastic for the first time.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

During the process, the company upgraded the packaging and mixed waste plastics into high-quality recycled feedstock for use in petrochemical industry.

Neste renewable polymers and chemicals executive vice-president Mercedes Alonso said: “We are very excited to have successfully completed our very first industrial-scale processing run with liquefied waste plastic.

“While there is still a lot of work to be done, this is a huge step for our industry towards turning hard-to-recycle plastics from waste to a valuable resource, making circularity a reality.

“Together with the renewable feedstock that we have already been providing for the production of high-quality, high-performance polymers and chemicals with reduced carbon footprint, these new volumes produced through chemical recycling of plastic waste will significantly contribute to accelerating the necessary shift towards the circular bioeconomy for plastics.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The achievement is in line with Neste’s strategy to promote circular economy and replace the use of crude oil at its refineries.

The company has set a goal of processing more than one million tonnes of waste plastic a year, starting from 2030.

Plastic producing company Ravago has helped Neste in sourcing liquefied waste plastic for the processing.

Neste oil products executive vice-president Marko Pekkola said: “The trial run is a result of great cooperation throughout the Neste organisation. We have technically advanced refineries and the required expertise in refining low-quality waste and residue raw materials into high-quality end products.”