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Recycling

Neste invests in plastic recycling and hydrogen firms

by Michael McCoy
March 15, 2020 | APPEARED IN VOLUME 98, ISSUE 10

 

The Finnish oil company Neste and the investment firm Mirova are investing a combined $11 million in Recycling Technologies, a British chemical recycling firm. The funds will help Recycling Technologies build its first machine for turning mixed plastic waste into waxes and chemical feedstock. Separately, Neste has acquired a minority stake in Sunfire, a German developer of high-temperature electrolysis technology for renewable hydrogen production.

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