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Neste and IKEA start partnership to lead in renewable, bio-based plastics

Neste and IKEA start partnership to lead in renewable, bio-based plastics

Sep 16, 2016
Bioproducts & materials

Neste, the world leader in waste-based renewable diesel producer, and IKEA have joined forces to take leadership in renewable, bio-based materials, and invite other companies to join the initiative. The partnership includes the production of plastics and other materials utilizing Neste's renewable solutions in polymer production. 

The partnership combines IKEA's commitment to reduce their dependence on virgin fossil based materials and Neste's expertise in renewable solutions. The companies aim to produce plastics and other materials that are used today, but instead replacing virgin fossil feedstock with renewable or recycled waste and residue raw materials.

"IKEA's commitment to initiate a change in the industry is an extremely important step in redefining how materials will be made and how raw materials are used in the near future. IKEA and Neste, together with partners, can enable the production of bio-based plastics that are produced from waste and residues of the customers' preference and choice, can be produced with the existing production assets, are fully compatible with customers' needs, and are recyclable in the current plastics pool," says Tuomas Hyyryläinen, SVP, Strategy and New Ventures at Neste.

"IKEA wants to contribute to a transformational change in the industry and to the development of plastics made from recycled or renewable sources. In line with our goals, we are moving away from virgin fossil-based plastic materials in favor of plastic produced from more sustainable recycled or renewable sources such as waste and residues, not using palm oil and it's derivatives as feedstock," says Lena Pripp-Kovac, Sustainability Manager, at IKEA of Sweden.

"We believe that working with Neste will open up an important pathway towards industrializing the production of plastics from more sustainable feedstock," says Camilla Rööst, Material and Innovation Development Manager, at IKEA.

The companies invite others to join the initiative. Neste and IKEA's target is to produce the first proof-of-concept during 2017. Furthermore, the companies expect to widen their cooperation towards new, novel technologies and other opportunities.

Image: Neste

Source: Neste

Companies in the sector

Neste

Bioenergy & biofuels