Neste Expands Sustainable Feedstock Offering with Co-Processed Neste RE for Polymers and Chemicals

Neste Expands Sustainable Feedstock Offering with Co-Processed Neste RE for Polymers and Chemicals

(IN BRIEF) Neste has introduced co-processed Neste RE, a new renewable feedstock for the polymers and chemicals industry. Produced by co-processing renewable raw materials like used cooking oil with fossil crude oil at its Porvoo refinery, this feedstock offers a reduced carbon footprint compared to traditional fossil feedstocks. The product complements Neste’s existing sustainable offerings, which include feedstocks from 100% renewable raw materials and chemical recycling. Neste’s expansion into co-processing further supports its goal to reduce fossil raw material use in the chemicals industry and transform its Porvoo refinery into a hub for renewable solutions.

(PRESS RELEASE) ESPOO, 18-Dec-2024 — /EuropaWire/ — Neste has broadened its portfolio of sustainable feedstocks for the polymers and chemicals industry with the introduction of co-processed Neste RE, a complementary solution to its existing renewable and recycled Neste RE offerings. By integrating renewable raw materials such as used cooking oil with fossil crude oil at its Porvoo refinery in Finland, Neste has developed an alternative, drop-in feedstock for plastics and chemicals production. This co-processed Neste RE significantly reduces the carbon footprint compared to traditional fossil feedstocks, commonly used in the chemicals sector.

The co-processing approach uses a mass balance method to allocate the renewable raw materials and their corresponding sustainability benefits to the product. This enables the production of pure hydrocarbons that can replace conventional fossil feedstocks, like naphtha or propane, in plastics and chemicals manufacturing, further driving sustainability in the sector.

Jeroen Verhoeven, Commercial Director for Polymers and Chemicals at Neste, explained the company’s commitment:
“Our goal is straightforward—reduce the reliance on fossil raw materials in the chemicals industry. By co-processing renewable materials, we are not only diversifying our product offering but also contributing to the transformation of our Porvoo refinery into a hub for renewable and circular solutions.”

Neste’s introduction of co-processed Neste RE adds a third production route to its existing sustainable feedstock options. These include 100% renewable raw material-based production through Neste’s proprietary NEXBTL technology and the use of chemical recycling for circular raw materials, such as hard-to-recycle plastic waste.

Building on its experience in co-processing renewable materials into marine fuel and heating liquids, Neste continues to innovate in sustainable feedstock solutions, strengthening its commitment to reducing the chemicals industry’s reliance on fossil resources.

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

Media Contact:

Tel.: +358 800 94025
email: media@neste.com

SOURCE: Neste