The Netherlands: Circular Economy Neste, Ravago to Construct Chemical Recycling Plant for Waste Plastic

With an expected processing capacity of about 55,000 tons of mixed plastic waste annually, the new chemical recycling facility will be the first industrial chemical recycling site at the North Sea Port in Vlissingen, The Netherlands. The plant will be developed under a joint venture by Neste and Ravago and will be based on Alterra Energy’s thermochemical liquefaction technology. With this project, the companies aim to demonstrate and advance the commercialization of chemical recycling.

Espoo/Finland – Neste and Ravago aim to establish a joint venture to build an industrial facility for chemical recycling at the North Sea Port in Vlissingen, the Netherlands. The facility is intended to be the starting point of joint global chemical recycling (often also called advanced recycling) activities, built upon the advancement of the thermochemical liquefaction technology of US-based Alterra Energy, an innovative chemical recycling technology company. With this, Neste and Ravago plan to demonstrate and advance the commercialization of chemical recycling. The transaction is awaiting for and subject to regulatory approval.

This strategic partnership combines Ravago’s expertise in the mechanical preparation of plastic waste, Alterra Energy’s proprietary liquefaction technology, and Neste’s expertise in the processing of hydrocarbons. Neste and Ravago are aiming for a first industrial chemical recycling site at the North Sea Port in Vlissingen with an annual processing capacity of about 55,000 tons of mixed plastic waste, corresponding to the plastic packaging waste generated by some 1.7 million average EU citizens per year. The long-term aspiration of the partners is to significantly increase the processing capacity on a global scale and continuously develop the joint venture into a global leader for chemical recycling of mixed plastic waste.

“We are truly excited about the progress of our joint project work. By fixing the investment location and scope, we are again one step closer to turning our dream into reality,” says Theo Roussis, CEO at Ravago. “Together with Neste, we have the necessary ingredients for a successful recipe to create scalable solutions, converting non-recyclable waste streams into valuable end products.”

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“Chemical recycling has been a promising technology to accelerate the creation of a circular economy for quite a while,” says Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals at Neste. “Now, it is time to take it to the next level and turn the promise into an industrial solution. By combining the expertise of Ravago and Neste, we have the means to rapidly implement the technology to start production at commercial scale. With joint and dedicated efforts, we can bring together the know-how along the entire value chain to turn waste into valuable resources. Our ambition is clear: to be a global leader in renewable and circular solutions.”

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