Core Viewpoint - Finnish energy company Neste has confirmed the termination of its collaboration with waste management firm Ravago Group for the construction of an advanced recycling plant for mixed plastic waste due to failure to meet final investment decision conditions [1] Group 1: Project Details - The project was initially announced in October 2021, with plans to utilize technology from Alterra Energy to build a chemical recycling facility in Vlissingen, Netherlands, with an annual capacity of 55,000 tons [1] Group 2: Industry Trends - In the first half of 2025, major chemical producers are expected to implement upstream business integration and optimization plans in high-cost regions like Europe, leading to a slowdown in global advanced recycling investments [1] - Recent market trends have shown an increase in project cancellations and operational plant shutdowns, including a $375 million funding loss for Eastman Chemical's advanced recycling project due to the U.S. Department of Energy withdrawing multiple grants [1] - UK recycler Biffa and French environmental group Veolia have also announced the closure of plastic recycling plants recently [1]