Total Energy and New Hope Energy join forces to recycle plastic waste
Total Energy recently announced that it has signed a commercial agreement with New Hope Energy. Under the agreement, New Hope Energy will build an advanced recycling plant in Texas. Total Energy will purchase some recycled raw materials and convert them into virgin quality equivalent. polymer. This material, made from waste plastic waste, can be used to make food-grade packaging.
The plant is expected to start production in 2025. New Hope Energy will use a patented pyrolysis technology developed in partnership with Lummus technology to process and convert more than 310000 tons of mixed plastic waste each year that would otherwise be incinerated or landfilled. Total said it will use 100000 tons of recycled polymer feedstock (RPF) in its Texas manufacturing unit to produce high-quality polymers suitable for food-grade applications, such as flexible and hard food packaging.
New Hope Energy said its first plant in Tyler, Texas, has been operating successfully since 2018. According to the chemical recycling company, the expansion currently underway will make it the largest pyrolysis facility in the world.
"We are delighted to be partnering with New Hope Energy, which offers a promising technology and capability at scale. This new project is another concrete and important step taken by Total Energy to address the challenge of plastic recycling and achieve its goal of producing 30% recycled polymer by 2030." Valérie Goff, Senior Vice President of Total Energy Polymers.
Total Energy is a global company that produces and sells a wide range of energy sources, with operations in more than 130 countries.