AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ — Alterra, Neste and Technip Energies have signed a collaboration commitment to progress the circularity of plastics by means of offering the business a standardized era resolution for chemical recycling, additionally known as “advanced recycling”. The companions try to globally do business in a standardized modular resolution, in response to Alterra’s proprietary liquefaction era, to events interested by construction capability for chemical recycling. This resolution will come within the method of voluntarily designed and engineered liquefaction plant modules, which can permit for decrease pre-investment prices, speeded up implementation moment, prime predictability on mission economics and decreased total capital prices. Contributing to more practical execution of chemical recycling capability initiatives, the answer is helping the business to shed dependency on virgin fossil assets and boost up the circularity of polymers and chemical compounds.
Alterra’s era is a thermochemical liquefaction procedure, which converts hard-to-recycle plastics right into a liquid hydrocarbon product. This liquid intermediate product can later be additional delicate into top of the range uncooked fabrics for unutilized plastics and chemical compounds. As of nowadays, Neste unloved has processed greater than 6,000 heaps of plastic-derived feeds, together with ISCC PLUS qualified oil from Alterra’s industrial-scale web page in Akron, Ohio.
Combining the experience of 3 corporations in a single resolution
Alterra and Neste began taking part in chemical recycling in 2021, collectively making improvements to facets of Alterra’s era and growing respective price chains. Alterra and Technip Energies began their collaboration in chemical recycling in 2022. The 3 corporations now attach efforts in a novel undertaking: Alterra and Neste will license the liquefaction era and Technip Energies will design, engineer and ship the standardized liquefaction plant option to events globally.
“We have a proven technology for liquefaction that encompasses 15 years of research, development and improvement,” says Frederic Schmuck, Important Government Officer at Alterra Power. “Now we are reducing the hurdles for companies interested in investing in liquefaction. We are ultimately enabling a copy-paste solution for liquefaction plants, allowing for a fast scale-up of economically viable recycling capacities globally.”
“There is strong demand for more sustainable solutions, and we are ready to serve this demand,” says Andreas Teir, who’s in command of chemical recycling at Neste. “We have already established our role in processing circular feedstocks into high-quality raw materials for the petrochemicals industry, and our ambition is to grow these processed volumes over the upcoming months and years. We are therefore looking forward to offering a robust and easy-to-deploy liquefaction technology to also contribute to meeting our own increasing demand for liquefied waste plastic.”
“We have seen a recent trend in the circularity market wanting lower pre-investment costs and proven, in-use technology, while allowing adopters to maintain their 2030 climate commitments,” says Bhaskar Patel, SVP Sustainable Fuels, Chemical substances & Circularity at Technip Energies. “We look forward to supporting the market with Alterra’s proven technology, improved with Neste, and our standard modular solution, both seen as key enablers for scalable projects. We are confident that this solution, along with Neste’s brand power and expected increasing demand for liquefied waste plastic, will contribute to fast deployment of new chemical recycling capacity.”
Neste Company
Hanna Maula
Vice President, Communications and Emblem
Additional data:
Alterra: For media enquiries, please touch Valerio Coppini [email protected].
Neste: Please touch Neste’s media carrier, tel. +358 800 94025 / [email protected] (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Technip: For enquiries, please touch Annette Morgan at [email protected]
Alterra in short
Alterra is the developer, operator, and licensor of a thermochemical liquefaction procedure era that renews discarded plastic again into its unedited construction blocks, thus decrease reliance on unutilized, fossil-derived fabrics for the producing of unutilized plastic merchandise. Our Akron, OH plastics circularity facility is the one full-scale, steady plant of its type. In the course of the international deployment of our era, we’re Fixing Plastic Air pollution®. Learn extra: https://alterraenergy.com/
Neste in short
Neste (NESTE, Nasdaq Helsinki) makes use of science and cutting edge era to become misuse and alternative assets into renewable fuels and round uncooked fabrics. The corporate creates answers for fighting state exchange and accelerating a shift to a round financial system. Being the arena’s important manufacturer of sustainable flight gas (SAF) and renewable diesel and a forerunner in growing renewable and round feedstock answers for polymers and chemical compounds, the corporate targets to support its consumers to shed their greenhouse gasoline emissions by means of no less than 20 million heaps yearly by means of 2030.
The corporate’s ambition is to manufacture the Porvoo oil refinery in Finland essentially the most sustainable refinery in Europe. Neste is dedicated to attaining carbon-neutral manufacturing by means of 2035 and can shed the carbon emission depth of bought merchandise by means of 50% by means of 2040. Neste has additionally eager prime requirements for biodiversity, human rights and the provision chain. The corporate has persistently been integrated within the CDP and the DJSI lists of the arena’s maximum sustainable corporations. In 2023, Neste’s earnings stood at EUR 22.9 billion. Learn extra: neste.com
About Technip Energies
Technip Energies is a important Engineering & Generation corporate for the power transition, with management positions in LNG, hydrogen and ethylene in addition to rising marketplace positions in blue and inexperienced hydrogen, sustainable chemistry and CO2 control. The Corporate advantages from its powerful mission supply fashion supported by means of an intensive era, services providing.
Working in 34 international locations, our 16,000 community are totally dedicated to bringing our purchasers’ cutting edge initiatives to month, breaking barriers to boost up the power transition for a greater the next day to come.
Technip Energies stocks are indexed on Euronext Paris. As well as, Technip Energies has a Degree 1 backed American Depositary Receipts (“ADR”) program, with its ADRs buying and selling over-the-counter. For additional data: www.ten.com
SOURCE Alterra
WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?
440k+
Newsrooms &
Influencers
9k+
Virtual Media
Retailers
270k+
Newshounds
Opted In
