Neste and PCS to bring renewable solutions to Southeast Asia’s chemicals industry

Neste Corporation, News, 18 November 2024

Photo: Neste and PCS colleagues upon arrival of a delivery of Neste RE at PCS’ site on Jurong Island. Source: PCS.

• Neste will supply renewable Neste RE to PCS in Singapore. 
• PCS will produce essential products, such as ethylene, propylene or butadiene, for customers in various industries. 

Neste and Singapore-based essential chemicals company PCS Pte. Ltd. (“PCS”) have launched a cooperation for the supply of renewable solutions to Southeast Asia’s chemicals industry. The collaboration aims at introducing renewable raw materials to replace fossil ones in chemicals and plastics value chains in the region. 

Neste will supply PCS with Neste RE™, a renewable material for the production of chemicals and plastics. Based on renewable wastes, such as used cooking oil, or residues from vegetable oil processing, Neste RE will serve as a replacement for fossil raw materials used at PCS facilities on Jurong Island in Singapore. Using Neste RE, PCS will produce essential products, such as ethylene, propylene or butadiene, across its portfolio. These essential products will then be supplied to customers in various sectors across the region. First deliveries will include butadiene to Mitsubishi Corporation, Toray Plastics (Malaysia) Sdn Berhad and Synthomer Sdn Bhd, through which renewable solutions will make their way to end user applications in the industry. While the products from these ISCC (International Sustainability and Carbon Certification) certified supply chains will be equal to their fossil counterparts in terms of quality, safety and performance, the use of renewable instead of fossil raw materials will reduce their carbon footprint. 

“With this partnership, we are establishing one of the first ISCC-certified renewable value chains for butadiene in the region,” says Mr. Hisashi Shibayama, Managing Director at PCS. “This partnership not only emphasizes our dedication to reducing reliance on virgin raw materials but also enhances our ability to meet the increasing demand from our customers for more sustainable solutions. This serves as the initial foundation in our vision to establish a sustainable essential chemicals’ ecosystem.”

“This marks another milestone in the use of Neste RE in Singapore,” says Jeroen Verhoeven, Commercial Director, Polymers and Chemicals at Neste. “We are glad to welcome PCS on board when it comes to driving fossil raw materials out of chemicals and plastics. Together, we can help companies bring down their Scope 3 emissions in an efficient and impactful manner.” 

Further information: 

Neste: Please contact Neste’s media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe. 

PCS: Please contact PCS’s HR and Admin Officer, Mr Gerald Lim, at tel. +65 6867 2032, gerald.lim@pcs-chem.com.sg (weekdays from 8:30 a.m. to 4:00 p.m. SGT). Please visit PCS website for more information at www.pcs.com.sg.

Neste in brief 

Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for combating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the CDP and the DJSI lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com

PCS in brief

PCS Pte. Ltd. ("PCS”) is the centre company of the Singapore Essential Chemicals Complex. PCS’ main role is to supply high quality ethylene, propylene, acetylene, butadiene, 1-butene, MTBE and benzene. It also supplies utilities such as water, steam and compressed air to pipeline-customers that in turn produce high quality essential chemicals products for their customers. In addition, PCS produces toluene and xylene, which are exported to the Southeast Asia region and beyond for further processing.

PCS also provides common facilities and services such as berths, security and firefighting services to ensure the efficient and safe operation of the Complex. In short, it coordinates the supporting activities necessary for the efficient operation of the entire Complex. www.pcs.com.sg