SEATTLE (Recycling Monster): An agreement has been reached by Neste, Alterra, and Technip Energies to work together to promote the circularity of plastics. The partners hope to provide chemical recycling solutions based on Alterra's exclusive liquefaction technology through the partnership.
Plastics that are difficult to recycle are transformed into a liquid hydrocarbon product by the liquefaction process. High-quality raw materials for the production of new chemicals and polymers can be obtained by further refining this intermediate product.
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In 2021, Alterra and Neste started working together on chemical recycling. In 2022, Alterra and Technip Energies began working together. The three businesses are collaborating for the first time. Alterra and Neste have agreed to license the liquefaction technology. Technip Energies will be in charge of liquefaction plant design, engineering, and delivery worldwide.
The partnerships seek to lower the barriers to entry for businesses considering liquefaction investments. It will encourage the rapid expansion of commercially feasible recycling facilities around the world. It will also meet the growing need for more sustainable solutions around the world.