04-10-2024

Neste strengthens chemical recycling logistics infrastructure in Europe in cooperation with Tepsa Netherlands

Neste enhances its chemical recycling capabilities by collaborating with Tepsa Netherlands on the storage and handling of liquefied waste plastic in Rotterdam, the Netherlands. This partnership, focused on the implementation of advanced aggregation tanks, underscores the company's commitment to expanding its liquefied waste plastic processing capabilities and advancing the circular economy. Following successful industrial-scale processing runs, Neste is moving towards using larger quantities of liquefied waste plastic as a raw material at its Porvoo refinery in Finland and turning it into Neste RE™, a high-quality recycled drop-in feedstock for the production of new plastics and chemicals.

The aggregation tanks will be located in the Port of Rotterdam to optimize supply chains and streamline logistics. As Neste is securing liquefied waste plastic supply through various suppliers across Europe, this central and major logistics hub offers seamless connectivity to the continent's expansive infrastructure. The state-of-the-art tank solution and surrounding infrastructure will ensure safe and reliable storage of liquefied waste plastic. The preparation and installation of the tanks have been meticulously planned demonstrating both companies' commitment to safety and excellence. The tanks are expected to be operational in the second half of 2025, matching the schedule for the ongoing construction of capacity upgrading facilities for liquefied waste plastic in Porvoo.

“The new aggregation tanks in Rotterdam enabling efficient logistics are crucial in optimizing our supply chain and in reaching our ambitious goals of processing liquefied waste plastic. We are continuously expanding our network of suppliers for liquefied waste plastic and the new storage significantly enhances our offtake flexibility. This paves the way for a more sustainable and circular plastics economy and we are excited about the opportunities this collaboration brings,” says Andreas Teir, Head of Chemical Recycling at Neste.

“This new collaboration marks a significant advancement in our long-term commitment to sustainability and the energy transition. In the second half of 2025, we will begin stocking liquefied waste plastic, diversifying our product portfolio and reinforcing our leadership in the storage of more sustainable, low-carbon products. Building on our existing collaboration with Neste, this partnership supports our strategy to broaden our service offering and to support Neste in paving the way for a more sustainable and circular economy,” says Bruno Hayem, CEO of Tepsa.

Neste is advancing chemical recycling of plastic waste and has the ambition to process over one million tons of plastic waste per year. To process larger amounts of liquefied waste feeds, we are building upgrading capacities for 150,000 tons of liquefied waste plastic per year. We are using raw materials like liquefied waste plastic or liquefied discarded rubber tires and refine them into high-quality drop-in feedstock for the production of new plastics.