Neste

Neste, Marubeni and Resonac to Collaborate on Renewable Chemicals in Japan

Neste, Marubeni and Resonac have agreed to cooperate on the production of renewable olefins and derivatives. The cooperation involves Neste RE, a Neste-produced renewable raw material, being used to manufacture products at leading Japanese chemical company Resonac’s Oita Complex in Japan. Marubeni, a major Japanese general trading and investment conglomerate, will coordinate all logistical arrangements from Neste to Resonac, the partners said.

Neste Appoints Heikki Malinen as President and CEO

Neste has appointed Heikki Malinen as president and CEO of Neste, effective Nov. 2, 2024, at the latest. He succeeds Matti Lehmus, who decided to leave the company. Malinen is currently a member of Neste’s board of directors, but will step down before taking up his new role.

Neste, Lotte Chemical Collaborate on Renewable Chemicals and Plastics

Finnish refiner Neste and South Korean chemical company Lotte Chemical agreed on a strategic collaboration to replace fossil resources with renewable raw materials in the manufacturing of chemicals and plastics. This, the partners said, will enable products and applications with a lower carbon footprint compared to those produced from fossil resources.

Neste to Invest €111 Million in Plastics Recycling Upgrade

The board of Finnish refiner Neste has given the all-clear to invest €111 million in new facilities for upgrading liquefied plastics waste at the company’s headquarters site in Porvoo.

Neste Spearheads Finnish Hydrogen Valley Plans

On behalf of the Finnish government, refiner Neste is spearheading the development of a so-called industrial hydrogen valley in the country’s Uusimaa region. Other participants in the recently begun exploratory studies include energy utilities Gasgrid Finland, Helen and Vantaa Energy.

Neste Studies Porvoo Shift to Renewable, Circular Feedstocks

Finnish oil refiner Neste has launched a study on transforming its Porvoo facility to renewables and circular feedstocks, ending crude oil refining in the mid-2030s.

Neste Buys European Rights to Alterra’s Liquefaction Technology

Neste has bought the European rights to Alterra Energy’s liquefaction technology.

Neste, Covestro and SK Geo Centric Partner on PU Feedstock

A collaboration between Neste, Covestro and SK Geo Centric aims to use renewable raw materials to produce MDI – a key feedstock for polyurethane production.

Neste Studies Scale-up of Chemical Recycling Technology

Neste has announced its intention to conduct a feasibility study on installing new capacity for processing liquefied waste plastic at its refinery in Porvoo, Finland. The move is part of plans to commercialize its chemical recycling technology.

LyondellBasell Names Peter Vanacker as CEO

Peter Vanacker, currently president and CEO of Finnish refiner Neste, has been tapped to be the new CEO of LyondellBasell (LYB) starting at the latest in June 2022. He will succeed Bhavesh (Bob) Patel, who is leaving the company at the end of 2021 to become chief executive of W. R. Grace from January 2022. Vanacker will also sit on LYB’s board.

US EPA may Regulate Chemical Recycling

The US Environmental Protection Agency (EPA) is said to be considering regulating the increasingly popular practice of chemical recycling. In a notice published in the Federal Register, the environmental watchdog that turned into the opposite during the Trump administration said it wants companies to provide more information on pyrolysis and gasification, with an eye to regulating these processes under the federal Clean Air Act.

Neste Boosts Renewables with Agri Trading Buy

Neste has agreed to buy Agri Trading, a US trader of renewable waste and residue fat and oil for an undisclosed sum. The company said the move will enhance its competitiveness in the global waste and residue raw material market.

On the Way to Climate Neutrality

The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first climate-neutral region by 2050. The goals spelled out in January last year call for reduction of greenhouse gas emissions by at least 50% up to 2030, compared with 1990 levels.

Neste and Alterra in Chemical Recycling Collaboration

Finland’s Neste has taken a minority stake in Alterra Energy as the two collaborate to develop and license the US company’s chemical recycling technology. The size of the stake and financial terms were not disclosed.

Neste and LG Chem Partner on Renewables

Neste and South Korean petrochemicals giant LG Chem have formed a long-term partnership with the aim of developing and growing the global biopolymers and biochemicals market, and more specifically, LG Chem’s domestic market.

The Age Of Circularity

Covestro and Neste Link on Renewable PC Feed

Neste Buys Stake in Germany’s Sunfire

Chemical Recycling: Racing to Close the Loop

Symphony of Collaboration - Creating a More Sustainable Plastics Industry

Neste and LyondellBasell Produce Bio-based Polymers

Neste Reorganizes Renewables Business

Neste Gives OK for Singapore Renewables Project

Clariant Expands Gendorf EO Unit

Neste in Waste Plastics to Feedstock Project

Finland Relinquishes Control of Neste

HCS and Neste in Renewable Distillates Pact