STOCK TITAN

Alterra, Neste and Technip Energies collaborate to offer standardized solution to build chemical recycling plants

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Alterra, Neste, and Technip Energies have signed a collaboration agreement to provide a standardized technology solution for chemical recycling of plastics. The partnership will offer pre-designed modular liquefaction plant solutions using Alterra's proprietary technology, enabling lower pre-investment costs and faster implementation. Neste has already processed over 6,000 tons of plastic-derived feeds, including ISCC PLUS certified oil from Alterra's Akron facility.

The collaboration combines Alterra's liquefaction technology licensing with Neste, while Technip Energies will handle design, engineering, and delivery of the standardized plants globally. This initiative aims to accelerate the development of chemical recycling capacity and reduce dependency on virgin fossil resources.

Alterra, Neste e Technip Energies hanno firmato un accordo di collaborazione per fornire una soluzione tecnologica standardizzata per il riciclo chimico della plastica. La partnership offrirà soluzioni per impianti modulari di liquefazione pre-progettati utilizzando la tecnologia proprietaria di Alterra, consentendo costi di pre-investimento inferiori e un'implementazione più rapida. Neste ha già elaborato oltre 6.000 tonnellate di materie prime derivate dalla plastica, incluso olio certificato ISCC PLUS proveniente dallo stabilimento di Alterra ad Akron.

La collaborazione combina il licensing della tecnologia di liquefazione di Alterra con Neste, mentre Technip Energies si occuperà della progettazione, ingegneria e consegna degli impianti standardizzati a livello globale. Questa iniziativa mira ad accelerare lo sviluppo della capacità di riciclo chimico e a ridurre la dipendenza dalle risorse fossili vergini.

Alterra, Neste y Technip Energies han firmado un acuerdo de colaboración para proporcionar una solución tecnológica estandarizada para el reciclaje químico de plásticos. La asociación ofrecerá soluciones de plantas modulares de licuefacción pre-diseñadas utilizando la tecnología patentada de Alterra, lo que permitirá menores costos de pre-inversión y una implementación más rápida. Neste ya ha procesado más de 6,000 toneladas de materias primas derivadas de plásticos, incluido petróleo certificado ISCC PLUS de la instalación de Alterra en Akron.

La colaboración combina la licencia de la tecnología de licuefacción de Alterra con Neste, mientras que Technip Energies se encargará del diseño, ingeniería y entrega de las plantas estandarizadas a nivel mundial. Esta iniciativa tiene como objetivo acelerar el desarrollo de la capacidad de reciclaje químico y reducir la dependencia de recursos fósiles vírgenes.

알테라(Alterra), 네스테(Neste), 테크니프 에너지가(Technip Energies) 화학 플라스틱 재활용을 위한 표준화된 기술 솔루션을 제공하기 위해 협력 계약을 체결했습니다. 이 파트너십은 알테라의 독자적인 기술을 활용한 미리 설계된 모듈식 액화 공장 솔루션을 제공하여 사전 투자 비용을 낮추고 더 빠른 구현을 가능하게 합니다. 네스테는 이미 알테라의 아크론 시설에서 얻은 ISCC PLUS 인증 기름을 포함하여 6,000톤 이상의 플라스틱 화합물을 처리했습니다.

이 협력은 알테라의 액화 기술 라이센스를 네스테와 결합하며, 테크니프 에너지는 전 세계 표준화된 공장의 설계, 엔지니어링 및 납품을 담당합니다. 이 이니셔티브는 화학 재활용 능력 개발을 가속화하고 원주율 석유 자원에 대한 의존도를 줄이는 것을 목표로 합니다.

Alterra, Neste et Technip Energies ont signé un accord de collaboration pour fournir une solution technologique standardisée pour le recyclage chimique des plastiques. Ce partenariat proposera des solutions d'installations de liquéfaction modulaires préconçues utilisant la technologie propriétaire d'Alterra, permettant ainsi de réduire les coûts de pré-investissement et d'accélérer la mise en œuvre. Neste a déjà traité plus de 6 000 tonnes de matières premières dérivées des plastiques, y compris de l'huile certifiée ISCC PLUS provenant de l'usine d'Alterra à Akron.

La collaboration combine la licence de technologie de liquéfaction d'Alterra avec Neste, tandis que Technip Energies se chargera de la conception, de l'ingénierie et de la livraison des installations standardisées à l'échelle mondiale. Cette initiative vise à accélérer le développement de la capacité de recyclage chimique et à réduire la dépendance aux ressources fossiles vierges.

Alterra, Neste und Technip Energies haben eine Zusammenarbeit unterzeichnet, um eine standardisierte technologische Lösung für das chemische Recycling von Kunststoffen anzubieten. Die Partnerschaft wird vorkonzipierte modulare Verflüssigungsanlagenlösungen anbieten, die die proprietäre Technologie von Alterra nutzen und niedrigere Vorabinvestitionskosten sowie eine schnellere Umsetzung ermöglichen. Neste hat bereits über 6.000 Tonnen kunststoffbasierter Rohstoffe verarbeitet, darunter ISCC PLUS-zertifiziertes Öl aus der Akron-Anlage von Alterra.

Die Zusammenarbeit kombiniert die Lizenzierung der Verflüssigungstechnologie von Alterra mit Neste, während Technip Energies für das Design, die Ingenieurleistungen und die weltweite Lieferung der standardisierten Anlagen verantwortlich sein wird. Diese Initiative zielt darauf ab, die Entwicklung der chemischen Recyclingkapazitäten zu beschleunigen und die Abhängigkeit von jungfräulichen fossilen Ressourcen zu reduzieren.

Positive
  • Neste has successfully processed over 6,000 tons of plastic-derived feeds
  • Partnership reduces pre-investment costs and implementation time for chemical recycling plants
  • Standardized modular solution offers predictable project economics and lower capital costs
Negative
  • None.

AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- Alterra, Neste 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". 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.

"We have a proven technology for liquefaction that encompasses 15 years of research, development and improvement," says Frederic Schmuck, Chief Executive Officer at Alterra Energy. "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."

"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 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."

"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. "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."

Neste Corporation

Hanna Maula
Vice President, Communications and Brand

Further information:

Alterra: For media enquiries, please contact Valerio Coppini valerio.coppini@alterraenergy.com.

Neste: Please 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.

Technip: For enquiries, please contact Annette Morgan at annette.morgan@ten.com

Alterra in brief

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/

Neste in brief

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

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 people 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

Cision View original content:https://www.prnewswire.com/news-releases/alterra-neste-and-technip-energies-collaborate-to-offer-standardized-solution-to-build-chemical-recycling-plants-302294771.html

SOURCE Alterra

FAQ

What is the purpose of Alterra, Neste, and Technip Energies' collaboration agreement?

The collaboration aims to provide a standardized technology solution for chemical recycling plants, offering pre-designed modular liquefaction facilities that reduce costs and implementation time while increasing project predictability.

How much plastic-derived feed has Neste (NTOIY) processed to date?

Neste 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.

What are the main benefits of the standardized chemical recycling solution?

The solution offers lower pre-investment costs, faster implementation time, high predictability on project economics, reduced capital costs, and helps reduce dependency on virgin fossil resources.

NESTE OYJ UNSP/ADR

OTC:NTOIY

NTOIY Rankings

NTOIY Latest News

NTOIY Stock Data

11.29B
1.54B
0.03%
Oil & Gas Refining & Marketing
Energy
Link
United States of America
Espoo