• Oil and gas firm TotalEnergies has signed a commercial agreement with chemical recycling leader New Hope Energy to support the development of an advanced plastic recycling plant in Texas.

• As per the agreement, New Hope Energy will build an advanced recycling plant in Texas to convert plastic waste into recycled feedstock. The feedstock will be partly purchased by TotalEnergies to be converted into virgin-quality polymers fit for food-grade packaging such as flexible and rigid food packaging containers.

• New Hope Energy will use a patented pyrolysis recycling technology that it developed in partnership with Lummus Technology, a licensor of proprietary processing technology for the refining and petrochemicals industries. The plant is expected to have the capacity to process and convert over 310,000 tons of mixed plastic waste per year when it begins production in 2025. From the recycled polymer feedstock (RPF) produced, TotalEnergies is expected to use 100,000 tons to manufacture polymers. 

• The partnership caters to TotalEnergies’ commitment to generating 30% recycled and renewable polymers by 2030. 

<ul><li> Analyst QuickTake: TotalEnergies has been actively engaged in developing advanced plastic recycling with a focus on food-grade packaging. This is the third partnership this year. In January, TotalEnergies partnered with UK-based plastic recycling solutions provider Plastic Energy to develop a recycling plant in Seville, Spain. During the same month, it also partnered with packaging company Berry Global to supply the latter with recycled polymers fit for food packaging.</ul>