TOTALENERGIES SE: Plastic Recycling: TotalEnergies and New Hope Energy Partner on U.S. Advanced Recycling Project
18 Mai 2022 - 9:03AM
UK Regulatory
TIDMTTE
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.
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
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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CONTACT:
TotalEnergies
SOURCE: TotalEnergies SE
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