Under the partnership, Phigenesis will deploy the Lummus New Hope Plastics Pyrolyisis technology for a new 150,000 tonnes per annum chemical recycling facility
Lummus Technology, through its subsidiary Green Circle, has signed a Letter of Intent (LOI) with UK-based Phigenesis for recycling waste plastics to petrochemical feedstock materials.
Under the partnership, Phigenesis will deploy the Lummus New Hope Plastics Pyrolyisis technology for a new 150,000 tonnes per annum chemical recycling facility.
According to Lummus, it marks the first license of chemical recycling technology in Europe. Also, the project will increase the chemical recycling capacity in the continent.
Lummus Technology president and CEO Leon de Bruyn said: “Lummus has tremendous focus on providing innovative solutions to the marketplace that promote the global energy transition.
“Our technology for advanced chemical recycling of plastic waste is just one of the many pathways we are deploying to support this global effort.
“We are extremely proud to support Phigenesis’ overall plan to deliver these units to the European market and thus to make a significant contribution to eliminate plastic waste.”
Lummus offers clean energy, petrochemical, refining, gas processing and renewable technologies, and supplied catalysts, equipment, digitalisation and related lifecycle services.
The firm stated that its New Hope Plastics Pyrolysis technology will reduce carbon emissions compared to plastic waste incineration and production of virgin polymers.
Also, the technology is said to support the company’s fight against climate change by a direct displacement of oil-derived feedstocks with recycled content.
Lummus developed the technology under a partnership with New Hope Energy last year.
The technology combines Lummus’ licensing, and other capabilities and New Hope Energy’s operational experience and waste conversion technology, to develop process technology.
Phigenesis CEO Chris Moore said: “Phigenesis is committed to delivering meaningful volume contributions to the circular and low emission economy, using significant quantities of otherwise unrecycled and incinerated waste plastics to produce feedstock for petrochemical facilities to make plastics, displacing virgin materials.
“We are delighted Lummus Technology is partnering with Phigenesis, enabling us to deploy the Lummus New Hope Plastic Pyrolysis Technology at a scale attractive to this evolving market.”
Phigenesis is also planning to develop five projects of the same size in Europe, including feedstock supply, product sales and the delivery of engineering.