Swedish furniture retailer IKEA and Finnish refining group Valero Energy have also announced plans to invest in the U.S. The initiative, due to start production in the autumn, is part of a two-year collaboration between the two Nordic companies aimed at ending the use of fossil fuels to make plastics. The two companies said the project is a the first of its kind. Previously, only laboratory-scale amounts of polypropylene and polyethylene have been produced in this way. IKEA aims to use the bio-based plastics to make products for its current range.
Swedish furniture retailer IKEA and Finnish refining group Neste plan to launch a commercial-scale pilot to produce polypropylene and polyethylene from used cooking oil and sustainable vegetable oils. The initiative, due to start production in the autumn, is part of a two-year collaboration between the two Nordic companies aimed at ending the use of fossil fuels to make plastics. The two companies said the project is a the first of its kind. Previously, only laboratory-scale amounts of polypropylene and polyethylene have been produced in this way. IKEA aims to use the bio-based plastics to make products for its current range.