Neste, Marubeni Corporation, and Resonac Corporation have formed a partnership to facilitate the production of renewable olefins and derivatives. Under this collaboration, Neste’s renewable raw material, Neste RE™, will be utilised by Resonac’s Oita Complex in Japan to manufacture various products. Marubeni, a prominent Japanese trading and investment conglomerate, will oversee the logistics between Neste and Resonac.
Neste RE is a bio-based feedstock derived from 100 percent renewable sources like waste and residue oils and fats. It consists of pure hydrocarbons and can replace conventional feedstock such as fossil naphtha in chemical value chains. This substitution contributes to a reduction in greenhouse gas emissions.
Photo: Resonac Corporation’s Oita Complex in Japan. Source: Resonac Corporation.
Carrie Song, senior vice president of commercial, renewable products at Neste, expresses enthusiasm about joining forces with Marubeni and Resonac to address the challenge of replacing fossil resources in plastic production. She highlights the importance of dedicated pioneers like Marubeni and Resonac in driving sustainability transformation.
Yoshiaki Yokota, chief executive officer of the Energy & Infrastructure Solution Group at Marubeni, shares his excitement about establishing a trade flow of diverse renewable feedstocks, alongside conventional raw materials, to contribute to the carbon neutrality of the petrochemical industry. Marubeni aims to build the value chain for renewable chemicals in collaboration with Neste, the world’s leading renewable feedstock supplier, and Resonac, a top chemical company in Japan.
Hirotsugu Fukuda, general manager of the Olefins & Derivatives Business Unit at Resonac Corporation, expresses satisfaction in working cooperatively with Neste and Marubeni to meet the market’s demand for renewable olefins and derivative products. He highlights that Resonac’s Oita Complex is ISCC PLUS certified and will continue to provide the market with renewable products using a mass balance method based on the ISCC system.
For more information visit www.neste.com
