Neste Announces Plans To Invest In Research On Waste And Residue Raw Materials
On June 6, 2017, Neste, a member of BRAG, announced that it would direct a large amount of its resources to researching waste and waste raw materials. In the future, Neste aims to produce biofuels and bioplastics from waste and residues, as well as utilize waste plastics as a raw material. Currently, waste fats and residues from meat and fish processing industries, as well as used cooking oil, account for nearly 80 percent of the raw materials in Neste's renewable products. The aim of investing in the research venture is to find increasingly lower grade waste and residue raw materials that have no other significant uses, such as residues from the forestry industry, algae, and waste plastics. The same NEXBTL technology that allows Neste to refine low-quality waste fats into high-quality fully renewable fuel can be used to produce other renewable products, such as aviation fuel and raw materials for bioplastics.