Technip Energies (PARIS:TE), Alterra and Neste 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”.
The partners aim to globally offer a
standardized modular solution, based on Alterra’s proprietary
liquefaction technology, to parties interested in building capacity
for chemical recycling. This solution will come in the form of
readily designed and engineered liquefaction plant modules, which
will allow for lower pre-investment costs, accelerated
implementation time, high predictability on project economics and
reduced overall capital costs. Contributing to more effective
execution of chemical recycling capacity projects, the solution
helps the industry to reduce dependency on virgin fossil resources
and accelerate the circularity of polymers and chemicals.
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.
Combining the expertise of three
companies in one solution
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 in a unique endeavor:
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.
Frederic Schmuck, Chief Executive
Officer at Alterra Energy, said: “We have a proven
technology for liquefaction that encompasses 15 years of research,
development and improvement. Now we are reducing the hurdles for
companies interested in investing in liquefaction. We are
ultimately enabling a copy-paste solution for liquefaction plants,
allowing for a fast scale-up of economically viable recycling
capacities globally.”
Andreas Teir, in charge of chemical
recycling at Neste, said: “There is strong demand for more
sustainable solutions, and we are ready to serve this demand. We
have already established our role in processing circular feedstocks
into high-quality raw materials for the petrochemicals industry,
and our ambition is to grow these processed volumes over the
upcoming months and years. We are therefore looking forward to
offering a robust and easy-to-deploy liquefaction technology to
also contribute to meeting our own increasing demand for liquefied
waste plastic.”
Bhaskar Patel, SVP Sustainable Fuels,
Chemicals & Circularity at Technip
Energies, stated: “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. We look forward to supporting the market with
Alterra’s proven technology, improved with Neste, and our standard
modular solution, both seen as key enablers for scalable projects.
We are confident that this solution, along with Neste’s brand power
and expected increasing demand for liquefied waste plastic, will
contribute to fast deployment of new chemical recycling
capacity.”
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in LNG, hydrogen and ethylene as well as growing market
positions in blue and green hydrogen, sustainable chemistry and CO2
management. The Company benefits from its robust Project Delivery
model supported by an extensive Technology, Products and Services
offering.
Operating in 34 countries, our 16,000 employees
are fully committed to bringing our clients’ innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies shares are listed on Euronext
Paris. In addition, Technip Energies has a Level 1 sponsored
American Depositary Receipts (“ADR”) program, with its ADRs trading
over the counter.For further information: www.ten.com
About Alterra
Alterra is the developer, operator, and licensor
of a thermochemical liquefaction process technology that renews
discarded plastic back into its original building blocks, thus
minimize reliance on new, fossil-derived materials for the
manufacturing of new plastic products. Our Akron, OH plastics
circularity facility is the only full-scale, continuous plant of
its kind. Through the global deployment of our technology, we are
Solving Plastic Pollution®. Read more:
https://alterraenergy.com/
About Neste
Neste (NESTE, Nasdaq Helsinki) uses science and
innovative technology to transform waste and other resources into
renewable fuels and circular raw materials. The company creates
solutions for combating climate change and accelerating a shift to
a circular economy. Being the world’s leading producer of
sustainable aviation fuel (SAF) and renewable diesel and a
forerunner in developing renewable and circular feedstock solutions
for polymers and chemicals, the company aims to help its customers
to reduce their greenhouse gas emissions by at least 20 million
tons annually by 2030.
The company’s ambition is to make the Porvoo oil
refinery in Finland the most sustainable refinery in Europe. Neste
is committed to reaching carbon-neutral production by 2035, and
will reduce the carbon emission intensity of sold products by 50%
by 2040. Neste has also set high standards for biodiversity, human
rights and the supply chain. The company has consistently been
included in the CDP and the DJSI lists of the world’s most
sustainable companies. In 2023, Neste's revenue stood at EUR 22.9
billion. Read more: neste.com
Contacts
Technip EnergiesAnnette
MorganHead of Marketing & Communications, Sustainable Fuels,
Chemicals & CircularityTel: +1 281-249-2475 Email:
annette.morgan@ten.com
AlterraFor media enquiries,
please contact Valerio Coppini
valerio.coppini@alterraenergy.com.
NestePlease contact Neste’s
media service, tel. +358 800 94025 / media@neste.com (weekdays from
8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases
at https://www.neste.com/for-media/releases-and-news/subscribe.
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Securityholders
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- PR_T.EN_Neste_Alterra_EN
- Alterra's_Akron_Plant_2024
Grafico Azioni Technip Energies NV (EU:TE)
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Da Ott 2024 a Nov 2024
Grafico Azioni Technip Energies NV (EU:TE)
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Da Nov 2023 a Nov 2024
