Neste, the world’s leading provider of renewable diesel, renewable jet fuel, and an expert in delivering drop-in renewable chemical solutions, and REMONDIS, one of the world’s largest privately owned recycling, service and water companies, have signed an agreement to collaborate in the development of chemical recycling of plastic waste. The companies will focus on developing and accelerating chemical recycling with a target to reach an annual capacity to process over 200 kilotons of waste plastic.
Mechanical recycling of plastics has been making a positive contribution to circular economy, raw material security, and climate protection for decades. Through joining forces, REMONDIS and Neste combine REMONDIS’s waste collecting and sorting capabilities and Neste’s experience and know-how in oil refining and processing of low-quality waste and residue materials. The companies wish to build an ecosystem around chemical recycling to enable other companies in the value chain to join the initiative and complement mechanical recycling by closing the material circle also for those plastics that today are difficult or impossible to recycle.