Neste and Braskem have reached an agreement for the supply of renewable and recycled feedstocks for polymers and chemicals production, with Braskem products based on the feedstocks expected on the market from Q4 2024, sold mainly in South America.
Apparently, Braskem will sell polymer resins and chemicals made from Neste’s recycled feedstock Neste RE, produced through the chemical recycling of plastic waste, and the renewable feedstock produced by processing renewable raw materials such as used cooking oil (UCO).
The companies say an ISCC PLUS (International Sustainability and Carbon Certification) certified mass balance approach will be applied to integrate the new feedstocks into Braskem’s existing processes, aiming to give customers reassurance regarding the “uninterrupted chain of custody and sustainable sourcing” of the materials.
“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,” stated Fabiana Quiroga, director of Circular Economy at Braskem in South America.
Jeroen Verhoeven, commercial director for Polymers and Chemicals at Neste, added: “We are looking forward to seeing our Neste RE solution in action in South America, reducing the dependence on virgin fossil feedstock in the production of polymers and chemicals.”
Neste teamed up with South Korean chemical company Lotte Chemical in April, in an effort to replace fossil resources with renewable raw materials in the manufacturing of chemicals and plastics. Lotte Chemical will use Neste RE at the company’s Korean sites to produce common types of plastics and chemicals for applications in areas including packaging, construction, textiles and electronics.
A few months later, the company entered a strategic partnership with Mitsubishi Corporation, seeking to develop value chains for renewable chemicals and plastics for Japanese brands. The partnership hopes to defossilize supply chains in the food and beverage, apparel, and consumer electronics sectors.
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