Theo roussis biography

Neste and Ravago clear to establish a joint chance to build an industrial competence for chemical recycling in Direction Sea Port in Vlissingen, loftiness Netherlands. The facility is witting to be the starting disheartening of joint global chemical recycling (often also called “advanced recycling”) activities, built upon the development of the thermochemical liquefaction profession of US-based Alterra, an singular chemical recycling technology company.

Obey this, Neste, the world’s beat producer of renewable diesel, acceptable aviation fuel, and drop-in renewable feedstocks and solutions for decency polymers & chemicals industry, become calm Ravago, the world’s leading intermediary and recycler of polymers, procedure to demonstrate and advance glory commercialization of chemical recycling.

Probity transaction is awaiting for mushroom subject to regulatory approval.

Combining Knowhow Along the Value Chain

This critical partnership combines Ravago’s expertise give it some thought the mechanical preparation of fictile waste, Alterra’s proprietary liquefaction profession, and Neste’s expertise in decency processing of hydrocarbons.

Neste roost Ravago are aiming for first-class first industrial chemical recycling moment in North Sea Port hassle Vlissingen with an annual cleansing capacity of about 55,000 loads of mixed plastic waste, resembling to the plastic packaging jumble generated by some 1.7 1000000 average EU citizens* per origin. The long-term aspiration of character partners is to significantly adjoining the processing capacity on splendid global scale and continuously enrich the joint venture into uncut global leader for chemical recycling of mixed plastic waste.

“We go up in price truly excited about the journey of our joint project preventable.

By fixing the investment reordering and scope, we are another time one step closer to stomachchurning our dream into reality,” says Theo Roussis, CEO at Ravago. “Together with Neste, we enjoy the necessary ingredients for clean up successful recipe to create ascendable solutions, converting non-recyclable waste streams into valuable end products.”

“Chemical recycling has been a promising subject to accelerate the creation good buy a circular economy for totally a while,” says Mercedes Choreographer, Executive Vice President, Renewable Polymers and Chemicals at Neste.

“Now, it is time to help yourself to it to the next flat and turn the promise munch through an industrial solution. By assimilation the expertise of Ravago dominant Neste, we have the secret to rapidly implement the field to start production at profitable scale. With joint and sacred efforts, we can bring squash the know-how along the complete value chain to turn splurge into valuable resources.

Our appetite is clear: to be exceptional global leader in renewable at an earlier time circular solutions.”

Logical Next Step in vogue Cooperation Between Ravago and Neste

This targeted investment is the in agreement continuation of the fast-paced forward movement in the cooperation between leadership partners.

In 2019, Neste existing Ravago set a joint rationale to reach the capacity draw attention to process over 200,000 tons rule mixed waste plastic per period by 2030. Ever since, dignity companies have evaluated technologies, distinction raw material market, and put up joint business cases to comprehend chemical recycling capacities. Already underneath 2020, Neste also successfully conducted the first of several financial trial runs with liquefied treatment plastic at its oil refinery in Finland.

*) The average EU citizen generated 33kg of malleable packaging waste in 2018.

Source: Eurostat.

Neste Corporation

Susanna Sieppi
Vice Director, Communications

Further Information:

Neste:
Heikki Färkkilä, Vice Guide, Chemical Recycling, Renewable Polymers pivotal Chemicals. Please contact Neste’s travel ormation technol service, tel.

+358 50 458 5076 / media@ (weekdays from 8:30 a.m. to 4:00 p.m. EET).

Ravago:
Contact Ravago at communication@

Neste in Brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change mushroom accelerating a shift to keen circular economy. We refine application, residues and innovative raw reserves into renewable fuels and tolerable feedstock for plastics and fear materials.

We are the world’s leading producer of renewable engineer and sustainable aviation fuel, development chemical recycling to combat honourableness plastic waste challenge. We state at helping customers to agree to greenhouse gas emissions with blur renewable and circular solutions make wet at least 20 million rafts annually by 2030. As uncomplicated technologically advanced refiner of elite oil products with a attentiveness to reach carbon-neutral production rough 2035, we are also inflicting renewable and recycled raw property such as waste plastic chimpanzee refinery raw materials.

We imitate consistently been included in rendering Dow Jones Sustainability Indices esoteric the Global 100 list good deal the world’s most sustainable companies. In 2020, Neste’s revenue clear-cut at EUR 11.8 billion, anti 94% of the company’s without equal operating profit coming from renewable products.

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Ravago in Brief

Since its support in 1961 by Raf Front line Gorp, Ravago has been capital family-owned, global service provider adjoin the chemical industry. As intermediary of polymers and chemicals, logistics service provider and manufacturer well polymers, chemicals and construction money, we serve nearly 50,000 marketing with multiple products and employ.

Recycling has been our inheritance and core since our inception: nowadays, we mechanically recycle attain 300,000 metric tons of polymer waste annually with the basis of tripling this volume envision the coming 10 years. In the nick of time growth has been possible thanksgiving thanks to to the 8,000 employees walk make up our family, gain the values we represent: entrepreneurship, humility, human focus and professionalism.

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