Neste Partners With Clariant In A Joint Effort To Develop Biobased Solutions
On November 6, 2018, Neste, a BRAG member, announced its partnership with Clariant to develop new sustainable material solutions. While Clariant concentrates on specialty chemicals, Neste consists of one of the leading companies providing renewable diesel and drop-in chemical solutions. In the announcement, Neste outlined the phases of the partnership, as follows:
Phase 1: The companies will start to replace fossil-fuel based ethylene and propylene with monomers from renewable feedstock.
Phase 2: The companies will develop alternative sustainable solutions from renewable raw materials for plastics and coatings.
The two phases are designed to allow the two companies to increase their biobased products, while reducing dependency on crude oil and climate emissions. Neste’s President and Chief Executive Officer (CEO), Peter Vanacker, stated that the “[c]ollaboration marks an essential step forward in Neste’s quest to become a preferred partner as a provider of sustainable chemicals solutions for forerunner brands.”