Homepage » Top-News »

Neste to receive funding for chemical recycling project

Commercialising chemical recycling of waste plastic
Neste to receive funding for chemical recycling project

Neste_plastic_recycling.jpg
Neste has received a positive grant decision for up to 135 million euros from the EU Innovation Fund for the company’s project to build chemical recycling capacities at its Porvoo refinery in Finland Picture: Neste

Neste has received a positive grant decision for up to 135 million euros from the EU Innovation Fund for the company’s project to build chemical recycling capacities at its Porvoo refinery in Finland. Project Pulse (Pretreatment and Upgrading of Liquefied Waste Plastic to Scale Up Circular Economy) aims to implement Neste’s proprietary technologies to pretreat and upgrade liquefied waste plastic and integrate the technologies into the refinery operations. The Pulse project targets pretreatment and upgrading capacities of 400,000 t/a, contributing to Neste’s goal of processing over 1 million tonnes of waste plastic per year from 2030 onwards. A feasibility study evaluating the investments related to Pulse was announced in March 2022. Investment decision readiness is targeted for 2023 and gradual implementation is expected to start in 2024.

Project Pulse plays an important role in commercialising chemical recycling of waste plastic as it allows scaling up chemical recycling and bridging the quality gap between unprocessed liquefied waste plastic and the petrochemical industry’s raw material requirements. Once scaled up, chemical recycling can contribute to combating waste plastic pollution by increasing recycling rates for plastics and reducing dependence on virgin fossil resources.

“We are excited to be among the projects selected by the EU Innovation Fund,” says Mercedes Alonso, Executive Vice President Neste Renewable Polymers and Chemicals. “While showing recognition for and faith in our work on chemical recycling, the funding also highlights the importance of the approach itself. If we want to move towards a circular economy for polymers and chemicals, chemical recycling will have a major role to play.”

The EU Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies. This year, the Fund grants more than 1.8 billion euros to 17 large-scale projects contributing to a low-carbon society. Following the positive grant decision, individual grant agreements will be prepared with the European Climate, Environment and Infrastructure Executive Agency (CINEA) in charge of the Innovation Fund.

Current issue
Titelbild cpp chemical plants   processes 1
Issue
1.2022
READ

Read current issue of cpp

All Whitepaper

All whitepapers of our industry pages

Current Whitepaper

New filtration technology for highly corrosive media

Advertisement

Industrie.de Infoservice
Vielen Dank für Ihre Bestellung!
Sie erhalten in Kürze eine Bestätigung per E-Mail.
Von Ihnen ausgesucht:
Weitere Informationen gewünscht?
Einfach neue Dokumente auswählen
und zuletzt Adresse eingeben.
Wie funktioniert der Industrie.de Infoservice?
Zur Hilfeseite »
Ihre Adresse:














Die Konradin Verlag Robert Kohlhammer GmbH erhebt, verarbeitet und nutzt die Daten, die der Nutzer bei der Registrierung zum Industrie.de Infoservice freiwillig zur Verfügung stellt, zum Zwecke der Erfüllung dieses Nutzungsverhältnisses. Der Nutzer erhält damit Zugang zu den Dokumenten des Industrie.de Infoservice.
AGB
datenschutz-online@konradin.de