Neste and PCS Pte. Ltd., a Singapore-based essential chemicals company, have announced a new collaboration aimed at supplying renewable solutions to the chemicals industry in Southeast Asia. This partnership focuses on integrating renewable raw materials into the chemicals and plastics value chains, replacing traditional fossil-based inputs.
Neste will provide PCS with Neste RE™, a renewable feedstock derived from sustainable waste sources, including used cooking oil and vegetable oil processing residues. This renewable feedstock will be used as a substitute for fossil-based raw materials at PCS’s facilities on Jurong Island, Singapore. Through the use of Neste RE, PCS will produce essential chemical products such as ethylene, propylene, and butadiene. These products will be distributed to customers in various industries across the region. Initial deliveries will include butadiene, which will be supplied to Mitsubishi Corporation, Toray Plastics (Malaysia) Sdn Berhad, and Synthomer Sdn Bhd, facilitating the integration of renewable solutions into downstream applications.
The products from these ISCC (International Sustainability and Carbon Certification) certified supply chains will match their fossil-based equivalents in terms of quality, safety, and performance. However, the use of renewable raw materials will contribute to a reduced carbon footprint, aligning with global sustainability goals.
Mr. Hisashi Shibayama, managing director at PCS, highlighted the significance of the collaboration, stating, “With this partnership, we are establishing one of the first ISCC-certified renewable value chains for butadiene in the region. This partnership not only emphasises our dedication to reducing reliance on virgin raw materials but also enhances our ability to meet the increasing demand from our customers for more sustainable solutions. This serves as the initial foundation in our vision to establish a sustainable essential chemicals’ ecosystem.”
Jeroen Verhoeven, commercial director of polymers and chemicals at Neste, added, “This marks another milestone in the use of Neste RE in Singapore. We are glad to welcome PCS on board when it comes to driving fossil raw materials out of chemicals and plastics. Together, we can help companies bring down their Scope 3 emissions in an efficient and impactful manner.”
This collaboration between Neste and PCS signals a significant step towards building a more sustainable chemicals industry in Southeast Asia, showcasing the potential of renewable feedstocks in reducing carbon emissions while maintaining product excellence.
For more information visit www.neste.com
