04 May 2023

Preco agrees to supply pyrolysis oil to Finland’s Neste

The Spanish company Preco, a promoter member of BIOPLAT dedicated to the transformation of used plastic, has signed an agreement with the Finnish company Neste to supply it with a minimum of 20,000 tonnes of pyrolysis oil per year for the next few years.

This supply, which will increase annually as the new plants that the Spanish company plans to install in Puertollano (Ciudad Real), Gijón, Almería and Extremadura are built, comes from Neoliquid‘s zero waste technology, which transforms used plastic into a pyrolytic oil with which to re-produce plastics without the need to resort to petroleum.

Neste will process this pyrolysis oil into high quality petrochemical feedstock, thus fulfilling its objectives of advancing chemical recycling to combat plastic waste pollution.

Currently, Preco already has a fully operational plant in the Toledo Ecopark, with a capacity to manage 5,000 tonnes per year, and construction of the Puertollano plant is expected to begin in the summer of 2023, a project that the regional government of Castilla-La Mancha declared a priority due to its capacity to generate employment and investment in the circular economy, a sector considered strategic for the regional government.

This agreement closes a very important phase in the evolution of the Spanish company, as it guarantees that its production will be destined, for at least five years, to the generation of new liquids for the chemical industry and not to energy recovery aimed at producing energy or fuels.