A new milestone in Ravago's promise to invest in sustainable solutions. Neste, in partnership with Ravago, successfully processed 400 tons of liquefied plastic waste at its refinery in Finland this fall, an amount corresponding to the annual amount of plastic waste generated by 20,000 average European citizens (calculations based on figures by Eurostat). 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 the strategic aims of driving circular economy and replacing crude oil use at its own refineries. The target is to process over 1 million tons of waste plastic annually from 2030 onwards.
In the sourcing of liquefied waste plastic for the first processing run, Neste was supported by Ravago. Together with Ravago and several other plastics value chain partners, Neste is developing chemical recycling technologies and capacity to enable recycling of plastic waste streams that are considered unsuitable for mechanical recycling and are currently destined for incineration or landfills. Developing ecosystems to chemically recycle plastic waste supports the global efforts to reduce plastic waste, which can help prevent littering of the environment. By providing plastic waste a high-value outlet, a new life cycle, Neste, Ravago and its partners help keep plastics in circulation, while also providing new means to reduce crude oil dependency in the production of new plastics.
Preparations for the next processing run ongoing
Neste aims to increase the volumes of liquefied waste plastic processing gradually to continue learning and developing the value chains and processing technologies. Next processing runs at the fossil oil refinery in Porvoo are already being prepared for 2021.
With promising projects and partnerships like this, Ravago will strengthen its position and continues to push the boundaries in recycling technologies.
Target is to process annually over 1 million tons of waste plastic from 2030 onwards. The plan is to use 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. (photo: Neste)