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Neste has said that it has successfully processed 400 t of liquefied plastic waste at its refinery in Finland this autumn, an amount corresponding to the annual amount of plastic waste generated by 20 000 average European citizens.
This was the first time Neste processed liquefied waste plastic at an industrial scale. During the run, packaging and mixed waste plastics were upgraded into high-quality recycled feedstock for petrochemical industry uses, e.g. for the production of new plastics.
The processing run marks a very important milestone with regards to Neste’s strategic aims of driving circular economy and replacing crude oil use at its own refineries. Neste’s target is to process over 1 million t of waste plastic annually from 2030 onwards.
Neste has successfully processed 400 tons of liquefied plastic waste at its refinery in Finland. During the run, packaging and mixed waste plastics were upgraded into high-quality recycled feedstock for petrochemical industry uses, including new plastics.
The processing run marks a significant milestone regarding Neste’s strategic aims of driving a circular economy and replacing crude oil use at its refineries. The company has a target to process annually over 1 million tons of waste plastic from 2030 onwards by using liquefied plastic waste as a raw material at its fossil oil refinery to upgrade it into high-quality drop-in feedstock for the production of new plastics.