Neste launches Neste RE, a 100% renewable and recycled raw material
Neste is launching a new product, Neste RE, a 100% renewable and recycled raw material for plastics and chemicals production. It is a product for tackling climate change through reducing the need to use virgin fossil resources, while it also provides a new solution to the end-of-life related challenges the polymers and chemicals industries are facing today. Neste RE can be used in a wide range of plastics applications, from sports gear to toys, even in sensitive applications such as high-performing medical equipment. Neste RE makes it possible to use bio-based waste and residues and waste plastic in the manufacture of high-quality products.
The urgency to move towards a truly circular economy is high and will deserve a variety of different technologies. Neste has a decade-long experience in developing and producing renewable and circular solutions for transportation, and is now extending its offering to the polymers and chemicals sectors. With this, Neste supports the reduction of crude oil dependency by providing more sustainable alternatives to the currently used virgin fossil-based feedstock in plastics and chemicals production.
“We need to take drastic action to achieve the necessary change towards a circular economy in materials. With Neste RE, we combine the best of renewable and recycled materials, to serve as a sustainable feedstock alternative for the polymers and chemicals sectors. This new product provides a new solution for the industry to close the circle of material flows. Neste RE is available globally, and together with like-minded partners, we can use Neste RE as a tool to change and revolutionize plastics,” says Lars Börger, vice president of Renewable Polymers & Chemicals at Neste.
A fresh start for plastics
Neste RE is both renewable and recycled: the product’s renewable components can be produced from waste and residue oils and fats and sustainably-produced vegetable oils. The recycled component is produced from chemically-recycled plastic waste that cannot be recycled mechanically, such as colored, multilayer or multi material packaging.
The more fossil resource based content is replaced with content from renewable or recycled origins, the better for our planet. In 2018, over 29 million tons of post-consumer plastic waste was collected, and of this, only 9.4 million tons was directed to recycling – even less actually recycled. Furthermore, the share of global oil production used to produce plastics, which is currently 6%, may reach 20% by 2050. To tackle these numbers by accelerating the plastics industry’s transformation towards a circular bioeconomy, urgent action is required, collaboration among some of the industry forerunners playing a key role.
Neste RE is available worldwide to the polymers and chemicals value chain including brands wishing to add bio-based and recycled content to their offering. Neste RE is a drop-in solution compatible with existing polymers and chemicals production infrastructures. Materials produced with Neste RE are of high quality – identical to plastic products made out of virgin fossil feedstock, e.g. recyclable similarly to their virgin fossil counterparts.