LyondellBasell and Neste sign long-term raw material agreement

LyondellBasell and Neste have signed a long-term commercial agreement under which LyondellBasell will obtain renewable feedstocks from 100% of Neste's bio-waste and residual oils
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LyondellBasell will process the Neste recycled feedstock through its cracker at its Wessling plant in Germany
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These products will be used in the production of polymers and sold under the new brand name
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Richard Roudeix, Senior Vice President, Olefins and Polyolefins, Europe, Middle East, Africa and India, LyondellBasell, said: "We are very pleased to be working with Neste to bring our customers one step closer to creating more sustainable end products
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"Back in 2019, the two companies collaborated to develop the world's first commercial-scale bio-based polypropylene and bio-based polyethylene," said Mercedes Alonso, executive vice president of renewable polymers and chemicals at Neste.
And verifying its renewable content, we've made history together
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I'm very much looking forward to reaching the next industry milestone together
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This collaboration will contribute to the development of more sustainable polymer and chemical solutions for the European market by ensuring continuity of supply on a major industrial scale
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LyondellBasell launched the Circulen range in April 2021 following ISCC PLUS certification for European polymer plants
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The new products demonstrate the company’s multi-pronged approach to achieving its sustainability goals: Circulen’s new product line consists of polymers linked to renewable feedstocks; polymers made from mechanically recycled materials, sold under the brand CirculenRecover, are synonymous with advanced (molecular) ) recovery of the relevant polymer is called CirculenRecover
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