Neste, a Finnish company that provides renewable diesel and jet fuel to companies throughout Europe, and Remondis, a Germany-based recycling and waste management company, 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 (or 100,000 short tons) of plastic scrap per year.
Through the partnership, Remondis will use its expertise in waste collection and sorting with Neste’s background in oil refining and processing of low-quality waste and residual materials materials to develop an effective method to collect, process and market fuel from plastic scrap.
Chemical recycling of plastics breaks down plastic scrap into a raw material for the plastics and chemicals industries to use in the production of new high-quality plastics, chemicals and fuels.
“In order to establish chemical recycling of plastics at an industrial scale, it is necessary that the recycling industry and the chemical industry work closely together. The partnership between Remondis and Neste will focus on creating an optimal recycling process to make even more plastics circular,” says Jürgen Ephan, managing director of recycling at Remondis.