By Giulia Petroni 
 

TotalEnergies SE said Tuesday that it has partnered with Plastic Energy Ltd. and Freepoint Eco-Systems LLC to build an advanced recycling plant in Texas, U.S.

The French oil-and-gas major said the plant will transform end-of-life plastic waste into a recycled feedstock that will be converted into virgin quality polymers for food-grade packaging.

The facility, which will process and convert 33,000 tons of plastic waste a year, is expected to become operational by mid-2024.

Financial details of the partnership weren't disclosed.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 26, 2021 03:36 ET (07:36 GMT)

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