Neste expands renewable feedstock offerings for chemicals

Neste has expanded its sustainable offerings with the launch of co-processed renewable Neste RE™, aimed at reducing the use of fossil-based raw materials in the polymers and chemicals sectors. Produced at its Porvoo oil refinery in Finland, the innovative feedstock integrates renewable raw materials such as used cooking oil with traditional crude oil, resulting in a lower carbon footprint compared to conventional fossil feedstocks like naphtha or propane.

By applying a mass balance approach, Neste attributes the sustainability benefits of renewable inputs to its Neste RE feedstock. This complements the company’s existing renewable feedstock solutions, including production from 100% renewable raw materials and chemical recycling of plastic waste. The move aligns with Neste’s strategy to transform its Porvoo refinery into a hub for renewable and circular solutions.

Jeroen Verhoeven, commercial director for Polymers and Chemicals at Neste, emphasised, “Our goal is simple: reduce the use of fossil raw materials in the chemicals industry.” This development also builds on Neste’s expertise in co-processing renewable raw materials for applications such as marine fuel and heating oils.

“With co-processing of renewable raw materials, we are expanding our offering for the chemicals industry. At the same time, it marks another step in the gradual transformation of our crude oil refinery in Porvoo into a renewable and circular solutions refining hub.” 

Neste, a global leader in renewable solutions, aims to help customers reduce greenhouse gas emissions by 20 million tonnes annually by 2030. It also plans to achieve carbon-neutral production by 2035 and halve the carbon intensity of its sold products by 2040.