BAKU, Azerbaijan, November 5. Technip Energies, Alterra, and Neste have announced a partnership aimed at advancing the circularity of plastics through a standardized technology solution for chemical recycling, also known as "advanced recycling", Trend reports.
The collaboration will focus on offering a modular solution based on Alterra’s proprietary liquefaction technology, enabling stakeholders to establish chemical recycling capacity more efficiently. This approach is designed to reduce pre-investment costs and accelerate implementation, providing a predictable economic outlook for projects while minimizing overall capital expenditure.
Alterra's thermochemical liquefaction process converts hard-to-recycle plastics into a liquid hydrocarbon product, which can be further refined into high-quality raw materials for new plastics and chemicals. Neste has already processed over 6,000 tons of plastic-derived feeds, demonstrating the effectiveness of this technology.
The three companies have been collaborating since 2021, with Alterra and Neste enhancing the liquefaction technology, while Technip Energies provides engineering and design support for the modular solutions.
Frederic Schmuck, CEO of Alterra Energy, emphasized the aim of lowering investment hurdles for companies interested in this technology, stating, "We are enabling a copy-paste solution for liquefaction plants, facilitating the rapid scaling of economically viable recycling capacities worldwide".
Andreas Teir of Neste highlighted the strong demand for sustainable solutions, saying, "We are eager to meet this demand by providing easy-to-deploy liquefaction technology that contributes to the growing need for liquefied waste plastic".
Bhaskar Patel from Technip Energies noted the market’s demand for proven technology and lower initial costs, indicating that their joint solution will support scalable recycling projects and aid companies in meeting their climate commitments.