Neste and Ravago Come Together in a Chemical Recycling Joint Venture
In a recent announcement made by Neste and Ravago it was revealed that the companies will be joining hands for a major chemical recycling joint venture in Netherlands. The facility is targeted to be the starting point of the companies’ joint global chemical recycling activities. The technology for the chemical recycling facility will be based on thermochemical liquefaction technology of the USA based Alterra Energy which is an innovative chemical recycling company. The strategic partnership will be combining Ravago’s expertise in the mechanical preparation of plastic waste and Alterra Energy’s proprietary liquefaction technology coupled with the Neste’s expertise in the processing of hydrocarbons. Both the companies are aiming for a chemical recycling facility in North Sea port in Vilissingen. The annual production capacity of the proposed chemical recycling facility is being said to be about 55 kilotons of plastic waste. The long term plan of both the chemical majors is to signifi...