Neste and Braskem collaborate on supply of renewable and recycled feedstocks
London, October 23, 2024, (Oilandgaspress) ––– Neste and Braskem have reached an agreement for the supply of renewable and recycled feedstocks for polymers and chemicals production. Braskem products based on these feedstocks are expected to be available on the market starting from the fourth quarter of 2024. These products will be sold mainly in South America and included in Braskem’s Wenew product portfolio.
“This is a very important moment for the industry. We’re introducing a new solution that will adhere to the industry’s high quality standards while ensuring sustainability right from the start of the value chain. This partnership with Neste is a significant milestone in our journey towards a circular economy,” stated Fabiana Quiroga, Director of Circular Economy at Braskem in South America.
Braskem will sell polymer resins and chemicals made from Neste’s more sustainable feedstock Neste RE™: the recycled feedstock, produced leveraging plastic waste via chemical recycling, and the renewable feedstock produced by processing renewable raw materials such as used cooking oil (UCO).
By combining chemically recycled and renewable solutions, Braskem builds upon two of the most promising solutions to reduce the use of virgin feedstock and to promote sustainability in chemicals and plastics value chains.
Chemical recycling enables the recycling of those types of plastic waste that are otherwise difficult to recycle, for example multi-material or colored plastics. In this sense, Neste’s chemically recycled feedstock can contribute to increasing recycling and therefore help reduce the amount of plastic waste entering the environment.
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