HOUSTON and PARIS, May 18,
2022 /PRNewswire/ -- TotalEnergies (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 technology
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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SOURCE TotalEnergies