Technological watch

Neste & LG Chem Partner to Drive Biopolymer Market Towards Circularity


Neste and have announced their aim to build a strategic long-term partnership to develop and grow the biopolymers and biochemicals market globally, and more specifically, in the LG Chem’s home market Korea.
LG Chem to Use Renewable Hydrocarbons in Polymers
LG Chem will start replacing fossil feedstock commonly used in the manufacturing of polymers and chemicals with Neste’s Renewable Hydrocarbons in the upcoming months. This will help LG Chem to produce renewable polymers and chemicals to and expectations of its customers – such as those producing polyolefin-based containers, packaging, hygiene products, and electronic materials – without compromising on quality, performance or recyclability of its products.
We are delighted to start collaborating with LG Chem, a company with one of the most diverse polymers and chemicals offerings in the world, to make an increasing impact on the global industry’s transformation towards a circular bioeconomy. This cooperation enables us to further expand the portfolio of applications that can benefit from Neste’s renewable drop-in solutions”, says Mercedes Alonso, executive vice president, renewable polymers and chemicals from Neste.
Partnership to Build a Circular Bioeconomy
LG Chem’s proprietary technology and significant market share of diverse chemical products and Neste’s sustainable solution based on renewable hydrocarbons, have come together in a partnership that will pave the way for sustainable growth in building a circular bioeconomy for both parties and also the global industry.
Neste’s renewable hydrocarbons are produced entirely from traceable, bio-based raw materials, such as waste and residue oils and fats, providing a high-quality, more sustainable alternative to fossil feedstock.



Publication date: 06/11/2020

Omnexus (news)

This project has been co-funded with the support of the LIFE financial instrument of the European Union [LIFE17 ENV/ES/000438] Life programme

The website reflects only the author's view. The Commission is not responsible for any use thay may be made of the information it contains.
Last update: 2020-07-14