Neste strengthens chemical recycling logistics infrastructure in Europe in cooperation with Tepsa Netherlands
Neste Corporation, Press Release, 4 October 2024 at 1 p.m. (EET)
Photo: Terminal of Tepsa Netherlands in Rotterdam. Source: 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.
Neste Corporation
Hanna Maula
Vice President, Communications and Brand
Further information:
Neste: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Tepsa Netherlands: Please contact Tepsa communication desk at communication@tepsa.com. For more information please take a look at www.tepsa.com
Neste in brief
Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for combating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the CDP and the DJSI lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com
Tepsa in brief
Tepsa is an independent leader in the storage of industrial liquid bulk products and gases including chemicals, fertilizers, biofuels, and fuels that are fundamental to the economy. Our geographical footprint covers Western Europe, from the Amsterdam-Rotterdam-Antwerp region to Western Mediterranean region. We operate a total storage capacity of 4millions cbm over 15 terminals, strategically positioned near key transportation and infrastructure hubs across France, ARA region and Spain.
Thanks to our strategic geographical positions and constant expansions, we are a key link in the energy chain and a major chain for our customers, participating in the security of supply. All our locations have the capacity to offer what customer companies expect from a storage terminal: we are committed to providing flexible, reliable and multimodal solutions for our customers, connecting industries to society, and employing high safety and quality standards across all our operations.
Our Tepsa Netherlands terminal, located in the Port of Rotterdam, excels in the storage and transshipment of petrochemicals, specialty chemicals, biofuels and recycled products. As a pioneer in environmental responsibility, Tepsa Netherlands has been a "zero product emission terminal" since 2008, well ahead of its time. Our commitment to innovation ensures minimal chemical vapour emissions and aligns with the highest environmental standards, meeting the evolving needs of our customers while prioritizing sustainability.
