The pair have announced the ‘commercial-scale production of bio-based plastic from renewable materials’, which combines Neste’s renewable feedstocks with the tech expertise of LyondellBasell.
Neste’s President and CEO Peter Vanacker said: “This pioneering collaboration with LyondellBasell marks a major milestone in the commercialisation of Neste’s renewable polymers and chemicals business focusing on developing renewable and circular solutions for forward-looking sustainable brands.”
The companies have already produced thousands of tonnes of bio-based plastics that meets the standards required to be used as food packaging.
“LyondellBasell has an innovative spirit that spans decades, and an achievement like this showcases concrete actions we are taking in support of a circular economy,” added Richard Roudeix, LyondellBasell Senior Vice President of Olefins and Polyolefins for Europe, Asia and International. “Through the use of renewable resources, we are contributing to the fight against climate change and helping our customers achieve their environmental targets.”