# Neste acquires minority stake in Alterra

Neste acquired a minority stake in Alterra, a chemical recycling technology company. The companies will partner to commercialize Alterra's waste plastic liquefaction technology in Europe, with a target to start construction of a liquefaction site in Europe during 2021.

- Type: Acquisition
- Announced: 2021-01-04
- Where: United States
- Status: announced
- Products: chemical recycling technology, waste plastic liquefaction
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Neste](https://endata.com/companies/241.md) (acquirer)
- [Alterra](https://endata.com/companies/52277.md) (target)
- [Alterra Energy](https://endata.com/companies/52278.md) (target)

## Sources

- [alterra360.com](https://www.alterra360.com/news/neste-acquires-minority-stake-in-alterra-companies-partnering-to-commercialize-alterras-waste-plastic-liquefaction-technology-in-europe/), 2021-01-04: "Collaboration with Alterra strengthens Neste's ecosystem of partnerships that are aimed at accelerating the transition to a circular plastics economy."
- [brecorder.com](https://www.brecorder.com/news/40047311), 2021-01-04: "The collaboration of the companies supports Alterra Energy's target of commencing the construction of a state-of-the-art liquefaction site in Europe during 2021."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.