Redefining the future of plastics
Neste has developed a way to produce renewable plastics identical to the conventional fossil plastics. Neste Bioplastics solution performs with the exact same parameters in production throughout all the various converting steps. Consumers will be able to use the items and packages just as they are used to, with high comfort - and eventually recycle with a good conscience knowing that their use of plastics has not impacted the global warming.
Plastics are everywhere
The demand for plastics is expected to grow four fold by 2050 as they offer a multitude of solutions to improve the quality of living for the fast increasing global population. They also are becoming a major player in circular economy. Plastic items need to be produced and designed in such a way that the natural resource and energy consumption is minimized and efficient recycling is enabled. It is the environmental footprint that counts.
Bioplastics turn into carbon sinks
The renewable polymers made from waste and residue origin absorb a significant amount of atmospheric carbon dioxide, making them carbon sinks, especially in long-lasting applications. In single-use applications such as packaging, bioplastics offer clear reductions in global warming potential due to renewable origin, recycling potential and renewable energy in waste management if incineration is considered as their end of life option.
Numerous applications waiting to happen
The new drop-in bioplastics can be produced via conventional routes, through the steam cracking of renewable hydrocarbons, produced using the Neste proprietary NEXBTL technology. The applications for such polymers are endless, because practically any polymers can be made renewable. Practical issues such as large scale and demand, make certain options more viable. Bioplastics produced from renewable hydrocarbons can be used to make among others, parts for cars, packaging, consumer goods and electronics, to name a few.
Responsible consumer product brands have a desire to provide customers with more sustainable solutions and demand options from renewable origins, where the feedstock is responsibly sourced, preferably traced back and certified. The environmentally and socially aware lead the way by scouting and demanding more, and we all need to make an effort to reduce our impact on climate change.
Our solution is constructed via partnerships with large users of polymers and production companies. Our disruptive approach is targeted to be on the market within next years.
Read more: The New Plastics Economy, Rethinking the Future of Plastics
Plastics production has grown 20-fold between years 1964 and 2014, and it is expected to double again over the next 20 years. By 2050, the plastics sector will account for 20% of total oil consumption and 15% of the global annual carbon budget. If actions are not taken, it is expected that by 2050 there will be more plastics than fish in the ocean by weight. “The New Plastics Economy, Rethinking the Future of Plastics”, a report by Ellen MacArthur Foundation covers an after-use plastics economy that could be achieved with a new approach.