While plastics consumption is expected to continue to increase, there is an urgent need to develop solutions to curb the increasing climate emissions while simultaneously tackling the global plastic waste challenge. Neste believes that accelerating the shift to a circular plastic economy provides solutions to both.
Neste has long been committed to contributing to a circular economy. We support the European and global efforts to accelerate transformation towards a more circular and resource-efficient plastic economy. Here are examples of Neste’s contributions to circular economy in the plastics sector:
- Wastes and residues as renewable raw materials
Neste produces a variety of renewable products, such as renewable hydrocarbons and propane for polymers and chemicals production, from 100% renewable raw materials. Currently, waste and residues account for 80% of Neste’s annual usage of renewable raw materials, and the company is aiming to reach 100% by 2025.
- Chemical recycling of plastic waste
Neste collaborates and engages in investment projects with several plastics value chain partners to develop chemical recycling technologies and capacity. This will help increase circularity of materials and can contribute to increasing plastic recycling rates. It helps reduce the need to direct these material streams to landfills and incineration, while also helping to prevent littering of the environment.
- Neste RE - renewable and recycled
Neste’s new product Neste RE is a climate-friendlier waste and residue based feedstock to replace fossil feedstock in the production of new plastics. Neste RE consists 100% of renewable and recycled material.
Materials produced with Neste RE are suitable for reuse and recycling after use similarly to traditional plastic. This helps increase circularity of plastics to reduce landfilling and incineration of this valuable material. It also helps tackle the global plastics waste challenge.
Read more about how accelerating circularity helps combat plastic pollution.