All subjects
Technology & Suppliers

Neste acquires European rights for plastics liquefaction tech

Neste acquires European rights for plastics liquefaction tech
Neste has been able to upgrade liquefied waste plastic to drop-in solutions for plastic production and develop industrial-scale capabilities to upgrade recycled feedstocks (photo courtesy Neste).

Finland-headed oil refiner and renewable fuel producer, Neste Oyj, has announced that it has acquired the European rights to a proprietary thermochemical solution for liquefaction of hard-to-recycle plastics developed by US-based Alterra Energy LLC.

An error occurred

You are logged in as subsbriber at Bioenergy International, but something is wrong.

On your profile you can see what subscriptions you have access to and more information.

Is some of the information wrong – please contact our customer service.

Please reload the page

We could not ascertain if you are logged in or not. Please reload this page.
Bioenergy International premium

Do you want to read the whole article?

Only logged in payed subscribers can read all contents on
As an subscriber you get:
  • Six editions per year
  • Full access to all digital content
  • The E-magazine Bioenergy international
  • And more ...

In 2020, Neste acquired a minority stake in Alterra Energy. Neste has further processed liquefied waste plastic sourced from, among others, Alterra Energy in a series of trial runs at its refinery in Finland.

Together with Belgium-headed Ravago Group, a leading distributor and recycler of polymers, Neste also plans to set up a joint venture to deploy the Alterra Energy technology in Vlissingen, the Netherlands.

Furthermore, to scale up processing capacities for liquefied waste plastic at its Porvoo refinery in Finland, Neste is currently conducting a feasibility study to examine investing in proprietary pretreatment and upgrading capabilities.

Through chemical recycling, the company aims to reduce dependence on virgin fossil resources and accelerate circularity in the production of polymers and chemicals.

Acquiring the rights to Alterra Energy’s technology in Europe enables us to offer a holistic solution to our partners, said Heikki Färkkilä, VP Chemical Recycling at Neste Renewable Polymers and Chemicals.

Alterra Energy will continue to operate independently in the rest of the world with the aim of commercializing the technology through licensing.

Most read on Bioenergy International

Get the latest news about Bioenergy

Subscribe for free to our newsletter
Sending request
I accept that Bioenergy International stores and handles my information.
Read more about our integritypolicy here