Plastic Recycling: TotalEnergies and New Hope Energy Partner on U.S. Advanced Recycling Project
18 Maio 2022 - 4:03AM
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 an advanced recycling plant in Texas to transform
end-of-life plastic waste into a recycled feedstock that
TotalEnergies will partly purchase and convert into virgin-quality
polymers, which can be used for food-grade packaging.
The New Hope Energy plant is expected to start production in
2025 and will use a patented pyrolysis technology that was
developed in partnership with Lummus Technology to process and
convert more than 310,000 tons per year of mixed plastic waste that
would otherwise be destined for landfill 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 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,” said Valérie Goff, Senior
Vice President, Polymers at TotalEnergies.
“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,” said
Rusty Combs, Chief Executive Officer of New Hope Energy. “Our
partnership with Lummus has allowed us to provide the scale and
reliability necessary to support them in this mission.”
“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,” said Leon de Bruyn,
President and Chief Executive Officer of Lummus Technology.
“Supporting TotalEnergies in reaching their sustainability goals is
exactly what our integrated processing solutions are designed to
do.”
***
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables 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. Active in more than 130 countries,
TotalEnergies puts sustainable development in all its dimensions at
the heart of its projects and operations to contribute to the
well-being of people.
Twitter: @TotalEnergies LinkedIn: TotalEnergies
Facebook: TotalEnergies Instagram: TotalEnergies
About New Hope Energy New Hope Energy is a pioneer in the
field of chemical recycling. Their first plant has been
successfully operating in Tyler Texas since 2018, with a current
expansion underway which 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
waste plastic into renewable chemical feedstock. To learn more,
visit https://newhopeenergy.com.
About the Lummus New Hope technolog Lummus New Hope
plastics pyrolysis technology converts end-of-life plastic into
feedstock to produce recycled plastics, diverting waste away 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-up and further develop process
technology with New Hope Energy operational experience and waste
conversion technology.
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities.
TotalEnergies SE has no liability for the acts or omissions of
these entities. This document may contain forward-looking
information and statements that are based on a number of economic
data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither
TotalEnergies SE nor any of its subsidiaries assumes any obligation
to update publicly any forward-looking information or statement,
objectives or trends contained in this document whether as a result
of new information, future events or otherwise. Information
concerning risk factors, that may affect TotalEnergies’ financial
results or activities is provided in the most recent Registration
Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des
Marchés Financiers (AMF), and in the Form 20-F filed with the
United States Securities and Exchange Commission (SEC).
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TotalEnergies Contacts Media Relations: +33 1 47 44 46 99
l presse@totalenergies.com l @TotalEnergiesPR Investor Relations:
+33 (0)1 47 44 46 46 l ir@totalenergies.com
New Hope Energy contact Media Relations: Ariel Herr | +1
469 235 2708 | arielcherr@gmail.com Inquiries: Tom Sheehy I +1 214
697 2086 I tsheehy@newhopeenergy.com
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