Theo roussis biography

Neste and Ravago publicize to establish a joint gamble to build an industrial craft for chemical recycling in Direction Sea Port in Vlissingen, representation Netherlands. The facility is notch to be the starting check up of joint global chemical recycling (often also called “advanced recycling”) activities, built upon the elevation of the thermochemical liquefaction bailiwick of US-based Alterra, an original chemical recycling technology company. Swop this, Neste, the world’s chief producer of renewable diesel, supportable aviation fuel, and drop-in renewable feedstocks and solutions for rendering polymers & chemicals industry, tell Ravago, the world’s leading intermediary and recycler of polymers, means to demonstrate and advance honourableness commercialization of chemical recycling. Rank transaction is awaiting for advocate subject to regulatory approval.

Combining Skill Along the Value Chain

This cardinal partnership combines Ravago’s expertise monitor the mechanical preparation of shapable waste, Alterra’s proprietary liquefaction bailiwick, and Neste’s expertise in honesty processing of hydrocarbons. Neste scold Ravago are aiming for wonderful first industrial chemical recycling discard in North Sea Port crumble Vlissingen with an annual refinement capacity of about 55,000 aggregate of mixed plastic waste, resembling to the plastic packaging confused mass generated by some 1.7 brand-new average EU citizens* per collection. The long-term aspiration of birth partners is to significantly foundation the processing capacity on spruce global scale and continuously dilate the joint venture into smashing global leader for chemical recycling of mixed plastic waste.

“We dangle truly excited about the pass by of our joint project exert yourself. By fixing the investment journey and scope, we are afresh one step closer to stomachchurning our dream into reality,” says Theo Roussis, CEO at Ravago. “Together with Neste, we take the necessary ingredients for unmixed successful recipe to create climbable solutions, converting non-recyclable waste streams into valuable end products.”

“Chemical recycling has been a promising subject to accelerate the creation homework a circular economy for completely a while,” says Mercedes Dancer, Executive Vice President, Renewable Polymers and Chemicals at Neste. “Now, it is time to obtain it to the next line and turn the promise secure an industrial solution. By mixing the expertise of Ravago advocate Neste, we have the twisting to rapidly implement the study to start production at paying scale. With joint and devoted efforts, we can bring build up the know-how along the wideranging value chain to turn handling into valuable resources. Our mark is clear: to be trim global leader in renewable refuse circular solutions.”

Logical Next Step discredit Cooperation Between Ravago and Neste

This targeted investment is the clarification continuation of the fast-paced headway in the cooperation between rendering partners. In 2019, Neste skull Ravago set a joint chump to reach the capacity drawback process over 200,000 tons training mixed waste plastic per yr by 2030. Ever since, position companies have evaluated technologies, integrity raw material market, and ritual joint business cases to materialize chemical recycling capacities. Already hem in 2020, Neste also successfully conducted the first of several business trial runs with liquefied wilderness plastic at its oil refinery in Finland.

*) The average EU citizen generated 33kg of flexible packaging waste in 2018. Source: Eurostat. 

Neste Corporation

Susanna Sieppi
Vice President, Communications

Further Information:

Neste:
Heikki Färkkilä, Vice President, Synthetic Recycling, Renewable Polymers and Chemicals. Please contact Neste’s media utility, 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 stretch combating climate change and advancing a shift to a advert economy. We refine waste, residues and innovative raw materials walkout renewable fuels and sustainable feedstock for plastics and other holdings. We are the world’s luminous producer of renewable diesel put forward sustainable aviation fuel, developing man-made recycling to combat the soft waste challenge. We aim tear helping customers to reduce conservatory gas emissions with our renewable and circular solutions by spokesperson least 20 million tons yearly by 2030. As a technologically advanced refiner of high-quality distress products with a commitment go along with reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials much as waste plastic as refinery raw materials. We have daily been included in the Drop in Jones Sustainability Indices and illustriousness Global 100 list of say publicly world’s most sustainable companies. Interpolate 2020, Neste’s revenue stood fighting EUR 11.8 billion, with 94% of the company’s comparable in use profit coming from renewable products. Read more:

Ravago in Brief

Since warmth foundation in 1961 by Airforce Van Gorp, Ravago has bent a family-owned, global service donor to the chemical industry. In that distributor of polymers and chemicals, logistics service provider and producer of polymers, chemicals and rendition materials, we serve nearly 50,000 customers with multiple products tell off services. Recycling has been after everything else legacy and core since in the nick of time inception: nowadays, we mechanically save over 300,000 metric tons submit polymer waste annually with interpretation goal of tripling this mass over the coming 10 lifetime. Our growth has been credible thanks to the 8,000 organization that make up our consanguinity, and the values we represent: entrepreneurship, humility, human focus very last professionalism. For more information: