- The facility is a EUR 111 million investment located at Neste's Porvoo refinery.
- It processes up to 150,000 tons of liquefied waste plastic annually.
- Construction began in 2023 and was completed by the end of 2025.
- Neste partners with Alterra and Technip Energies for technology licensing.
Facility Overview
Neste has commissioned a new facility at its Porvoo refinery in Finland, marking a EUR 111 million investment. This facility is the world's largest for upgrading liquefied waste plastic (LWP) into high-quality petrochemical feedstock, with an annual processing capacity of up to 150,000 tons.
Project Timeline
The construction of the facility began in 2023 and was completed by the end of 2025. Production ramp-up started in 2026 and will progress gradually, influenced by market and legislative developments.
Technological Advancements
The facility addresses the quality gap between crude liquefied plastic waste and the high-quality raw materials required by the petrochemical industry. It processes oils from challenging waste streams, such as multi-layer packaging and mixed plastic waste, which are unsuitable for mechanical recycling.
Environmental Impact
By using a mass balance approach, the facility attributes recycled raw materials to the Neste RE™ product, achieving over 70% reduction in virgin fossil resource consumption and over 35% reduction in greenhouse gas emissions compared to incineration.
Partnerships and Licensing
Neste collaborates with Alterra and Technip Energies to license liquefaction technology for chemical recycling of hard-to-recycle plastics, further advancing the circularity of plastics.
