Industrial recycling is getting a boost
Neste Ojy is investing in Dresden-based Sunfire GmbH and UK company Recycling Technologies Ltd. With these industrial partnerships, the Finnish company is hoping to drive the development of the recycling and Power-to-X industry.8 Apr 2020 Barbara Rusch
Neste Ojy is the largest manufacturer of renewable diesel in the world and also develops sustainable aircraft fuel and specializes in renewable chemical products. Sunfire GmbH develops and produces electrolyzers and fuel cells. As announced by the two companies, Neste is investing in Sunfire to intensify the development of the Power-to-X industry and to open up opportunities for growth through a close partnership. “Our aim is to drive existing business models forward and create new opportunities for growth. In the context of this growth strategy, we are also continuing to focus on innovation, and Power-to-X is one of the areas of innovation,” explains Peter Vanacker, President and CEO of Neste.
Neste Ojy is currently in third place on the Global 100 list of the most sustainable companies in the world. At the beginning of March, the firm was one of the first signatories to the European Plastics Pact and also invested in the UK company Recycling Technologies Ltd , which specializes in recycling plastic. The investment follows the recent announcement by Neste that from 2030 it would be processing over a million metric tons of plastic waste a year for recycling as a raw material for chemicals and new plastics.
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