New Hope Energy will convert end-of-life plastic waste into a recycled feedstock and TotalEnergies will acquire and convert it into virgin-quality polymers suitable for food packaging
TotalEnergies partners with New Hope Energy to work jointly on recycling project in Texas. (Credit: zibik from Pixabay)
France-based oil and gas firm TotalEnergies has signed a commercial agreement with Houston-based New Hope Energy to work jointly on an advanced recycling project in Texas, US.
Under the agreement, New Hope Energy will build the plant to convert end-of-life plastic waste into recycled feedstock and TotalEnergies will acquire in part and convert it into virgin-quality polymers suitable for food packaging.
Scheduled to be operational by 2025, the plant will process and convert more than 310,000 tonnes per year of mixed plastic waste.
In the facility, TotalEnergies will use 100,000 tonnes of Recycled Polymer Feedstock (RPF) to produce high-quality polymers suitable for flexible and rigid food packaging containers.
TotalEnergies Polymers senior vice president Valérie Goff said: “We are pleased to partner with New Hope Energy, which offers a promising technology and the ability to scale.
“This new project is another concrete and significant step TotalEnergies is taking to address the challenge of plastic recycling and meet our goal of producing 30% circular polymers by 2030.”
New Hope Energy chief executive officer Rusty Combs said: “TotalEnergies understands the need to increase recycling in the U.S. and abroad, and their 2030 renewable polymer goal is a testament of their commitment to the circular economy.
“Our partnership with Lummus has allowed us to provide the scale and reliability necessary to support them in this mission.”
The plant will be outfitted with patented pyrolysis technology, developed jointly by Lummus Technology and New Hope Energy.
Lummus Technology president and chief executive officer Leon de Bruyn said: “The ability to effectively and economically convert waste plastics to pyrolysis oil for further use is a critical step in achieving a true circular economy.
“Supporting TotalEnergies in reaching their sustainability goals is exactly what our integrated processing solutions are designed to do.”
In February this year, TotalEnergies entered into a strategic agreement with technology firm Honeywell to boost the development of advanced plastic recycling.