• Renewable Neste RE consists of pure hydrocarbons made from bio-based raw materials and can be used as a drop-in solution to replace fossil feedstock in the making of polymers and chemicals.
    Renewable Neste RE consists of pure hydrocarbons made from bio-based raw materials and can be used as a drop-in solution to replace fossil feedstock in the making of polymers and chemicals.
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A collaboration between Neste, Eneos, Suntory, and Mitsubishi Corporation plans to produce PET resin from biomass, which will be used to manufacture bio-based bottles next year.

Neste RE will supply the feedstock – a solution it claims is made entirely from raw materials, waste, and residues such as cooking oil – which will be used by Eneos to produce bio-paraxylene (bio-PX) at its Mizushima Refinery in Okayama, Japan.

This bio-PX will be converted into purified terephthalic acid, or PTA, and finally into PET resin. Suntory says it will then use the resin to create PET bottles, using a mass balance approach to allocate the bio-based materials to the PET bottles.

Mitsubishi Corporation will be responsible for managing this entire supply chain.

“In order to tackle the imminent climate crisis and its consequences, companies are required to take responsibility now,” said Lilyana Budyanto, head of Sustainable Partnerships APAC at Neste Renewable Polymers and Chemicals business unit.

“Through partnering along the value chain, Neste can contribute to reducing the polymers and chemicals industry’s dependence on fossil resources as well as to manufacturing of products that have a lower carbon footprint.”

The supply chain will be overseen by Mitsubishi
The supply chain will be overseen by Mitsubishi

Food & Drink Business

Western Australian producer, Brownes Dairy, has been put up for sale according to the Australian Financial Review (AFR), as one of its biggest lenders, China Mengniu Dairy, calls in its $200 million loan. A reduced demand for milk in China and the current positioning of the global market could be driving the decision.

The Central Coast is about to receive a boost to its local food and beverage manufacturing industry, with construction starting on the $17.14 million Food Manufacturing Innovation Hub, funded by the federal government’s National Reconstruction Fund (NFR).

The Australian Industry Group (Ai Group) says Australia is at a “critical crossroads” when it comes to R&D and decades of rhetoric have not delivered material change.