Finland's Neste, Lotte Chemical to Collaborate on Renewable Feedstocks — OPIS
Finnish manufacturer Neste and South Korea's Lotte Chemical are to collaborate on the use of renewable raw materials to make certain types of chemical and plastic products and replace fossil fuel-based feedstocks, Neste said in a news release Monday.
Neste said the collaboration will result in the manufacture of products with a lower carbon footprint compared to those made from fossil fuel-based resources.
These plastics and chemicals will be used in applications and supply chains ranging from packaging to construction and electronics. Further details and costs weren't disclosed in the news release.
Neste will provide renewable Neste RE, a raw material for chemicals and plastics made from 100% renewable raw materials that Lotte Chemical will use at its plants in South Korea.
"We are looking forward to increasing the share of renewable solutions in collaboration with Lotte Chemical," said Jeroen Verhoeven, vice president of value chain development for renewable polymers and chemicals at Neste.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
--Reporting by Rob Sheridan, rsheridan@opisnet.com; Editing by Yazdi Merchant, ymerchant@opisnet.com
(END) Dow Jones Newswires
April 08, 2024 12:30 ET (16:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
SiriusXM Earnings: Decent Results With Plan for Technology and Content Investment to Drive Growth
-
Coca-Cola Earnings: Solid Volume On Innovation and Digital Engagement
-
Is Berkshire Hathaway a Buy Before the Annual Meeting?
-
Investment Opportunities in the Drug Distribution Industry
-
Why the End of Quantitative Tightening Matters
-
Eli Lilly Earnings: Strong Weight-Loss Drug Sales Expand Margins
-
After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Boeing Stock a Buy, a Sell, or Fairly Valued?