LyondellBasell to source 100% renewable feedstock from Neste
LyondellBasell, one of the world’s largest plastics, chemicals and refining companies, has signed a long-term commercial agreement with Neste, under which LyondellBasell will source a feedstock from Neste, Neste RE™, that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats.
This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name.
“We are delighted that our strategic relationship with LyondellBasell is further strengthened with this long-term commercial agreement. With LyondellBasell, we share both the innovative spirit and the sense of urgency to make active contributions towards combating climate change and accelerating the shift to a circular bio-economy. We made history together by joining forces in 2019 in the world’s first commercial-scale production of bio-based polypropylene and bio-based polyethylene with verified renewable content. I am very much looking forward to the next industry milestones we can reach together,” says Mercedes Alonso, executive vice president, Renewable Polymers and Chemicals, Neste.
”We are very pleased that together with Neste we can bring our customers one step closer to the creation of more sustainable end products,” says Richard Roudeix, LyondellBasell senior vice president of Olefins and Polyolefins for Europe, Middle East, Africa and India. “The extended relationship with Neste is an important piece in our multi-pronged approach to deliver on our sustainability goals. We have already made some significant steps in this direction since the beginning of this year, amongst which the recent launch of our Circulen product family and the ISCC PLUS certification, which we have obtained for our European polymer sites.”
Through their collaboration, Neste and LyondellBasell are jointly contributing to the development of the European market for more sustainable polymers and chemicals solutions. By ensuring continuity with significant industrial-scale volumes of renewable polymers produced with renewable feedstock from bio-based sources, the companies wish to enable sustainability-focused brands to develop more sustainable products and offerings.
In April 2021, LyondellBasell launched the Circulen family of products. LyondellBasell’s CirculenRenew product line consists of polymers linked to renewable-based feedstocks, while polymers made from mechanically recycled materials are marketed under the brand name CirculenRecover and those linked to advanced (molecular) recycling are called CirculenRevive.