HOUSTON & PARIS–(BUSINESS WIRE)–Regulatory news:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and New Hope Energy today announced a commercial agreement under which New Hope Energy will build a state-of-the-art recycling plant in Texas to transform plastic waste into end of life in a recycled material. a raw material that TotalEnergies will buy in part and transform into virgin-grade polymers, usable for food-grade packaging.
The New Hope Energy plant is expected to begin production in 2025 and will use patented pyrolysis technology that was developed in partnership with Lummus Technology to process and convert more than 310,000 tonnes per year of mixed plastic waste that would otherwise go to waste. burial or incineration. . TotalEnergies will use 100,000 tons of recycled polymer feedstock (RPF) in its Texas-based production units to manufacture high-quality polymers suitable for food-grade applications such as flexible and rigid food packaging containers.
“We are delighted to partner with New Hope Energy, which offers promising technology and the ability to scale. This new project is a new concrete and significant step for TotalEnergies to take up the challenge of plastic recycling. and achieve our goal of producing 30% circular polymers by 2030,” said Valérie Goff, Senior Vice President, Polymers at TotalEnergies.
“TotalEnergies understands the need to increase recycling in the United States and abroad, and its 2030 renewable polymers goal demonstrates its commitment to the circular economy,” said Rusty Combs, president and CEO of New Hope Energy. “Our partnership with Lummus has allowed us to provide the scale and reliability needed to support them on this mission.”
“The ability to efficiently and economically convert plastic waste into pyrolysis oil for further use is a critical step in achieving a true circular economy,” mentioned Leon de Bruyn, President and CEO of Lummus Technology. “Helping TotalEnergies achieve its sustainability goals is exactly what our integrated treatment solutions are designed for.”
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewable energies and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Present in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About New Hope Energy
New Hope Energy is a pioneer in the field of chemical recycling. Their first plant has been operating successfully in Tyler, Texas since 2018, with an expansion underway that will make it the largest pyrolysis facility in the world. New Hope Energy is developing additional projects to support the circular economy through the conversion of plastic waste into renewable chemical feedstocks. To learn more, visit https://newhopeenergy.com.
About Lummus New Hope Technology
Lummus New Hope plastics pyrolysis technology converts end-of-life plastic into feedstock to produce recycled plastics, diverting waste from landfills or the environment. Part of a partnership formed in 2020 between New Hope Energy and Lummus, the technology combines Lummus’ strength to license, scale and further develop process technology with New Hope Energy’s operational experience and technology waste conversion.
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