Finnish renewable fuels producer Neste and leading plastics, chemicals and refining company LyondellBasell (LYB) have agreed a long-term deal to make polymers and chemicals from renewable feedstocks, Neste announced on 17 June.

The agreement involved LYB sourcing Neste RE, a feedstock made from 100% renewable bio-based sources, such as waste and residue oils and fats, Neste said. This feedstock would be processed into polymers at LYB’s Wesseling plant in Germany and sold under the CirculenRenew brand name.

Neste’s RE product is a raw material for plastics production made entirely out of renewable and recycled raw materials, according to the company website. It is a drop-in solution that can be used on its own or in a blend to create products.

LYB launched its Circulen range of products in April. As well as CirculenRenew, the range includes CirculenRecover, which comprises polymers made from mechanically recycled materials and CirculenRevive, which is made from materials linked to advanced (molecular) recycling.

In an earlier agreement, Neste and LYB had joined forces in 2019 to produce bio-based polypropylene and bio-based polyethylene on a commercial scale, Neste said.

LYB sells products in more than 100 countries and is a leading producer of polypropylene compounds and licensor of polyolefin technologies.

Neste refines waste, residues and raw materials into renewable fuels and sustainable feedstock for plastics and other materials. It is a leading producer of renewable diesel and sustainable aviation fuel (SAF).