Neste, Alterra and Technip Energies Collaborate to Offer Standardized Solution to Build Chemical Recycling Plants
Neste, Alterra and Technip Energies have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred to as “advanced recycling”.
Alterra’s technology is a thermochemical liquefaction process, which converts hard-to-recycle plastics into a liquid hydrocarbon product. This liquid intermediate product can then be further refined into high-quality raw materials for new plastics and chemicals. As of today, Neste alone has processed more than 6,000 tons of plastic-derived feeds, including ISCC PLUS certified oil from Alterra’s industrial-scale site in Akron, Ohio.
Alterra and Neste started collaborating in chemical recycling in 2021, jointly improving aspects of Alterra’s technology and creating respective value chains.
Alterra and Technip Energies started their collaboration in chemical recycling in 2022. The three companies now join efforts: Alterra and Neste will license the liquefaction technology and Technip Energies will design, engineer and deliver the standardized liquefaction plant solution to interested parties globally.
“We are ultimately enabling a copy-paste solution for liquefaction plants, allowing for a fast scale-up of economically viable recycling capacities globally,” says Frederic Schmuck, Chief Executive Officer at Alterra Energy.
“There is strong demand for more sustainable solutions, and we are ready to serve this demand,” says Andreas Teir, who is in charge of chemical recycling at Neste
“We have seen a recent trend in the circularity market wanting lower pre-investment costs and proven, in-use technology, while allowing adopters to maintain their 2030 climate commitments,” says Bhaskar Patel, SVP Sustainable Fuels, Chemicals & Circularity at Technip Energies.
