What is Nerea, and which companies developed it?

Nerea is a new standardized, modular industrial solution for accelerating the global deployment of plastic waste chemical recycling projects. It was jointly developed by Technip Energies, Alterra, and Neste, based on a cooperation agreement signed in November 2024, integrating Alterra’s thermochemical liquefaction technology, Neste’s expertise in chemical recycling, and Technip Energies’ engineering, project delivery, and modularization capabilities.

Why was Nerea created, and what problem does it aim to solve?

Nerea was created to address the growing gap between rapidly increasing global plastic production — which reached approximately 431 million tonnes in 2024, nearly doubling over the past two decades — and persistently low recycling rates, as much plastic waste continues to be incinerated, landfilled, or leaked into the environment; it responds to tightening regulations in Europe and globally that are driving stronger demand for recycled and circular feedstocks.

Three Chemical Firms Unveil Standardized Modular Solution for Plastic Recycling

Jul 7, 2026

Technip Energies, Alterra, and Nest have launched 'Nerea', a standardized modular solution designed to accelerate global plastic waste chemical recycling deployment while reducing engineering complexity and investment costs.

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2026-07-07

Three Chemical Firms Unveil Standardized Modular Solution for Plastic Recycling

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