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Plastic Energy, Freepoint Eco-Systems and TotalEnergies to build advanced recycling plant

October 29/2021

MOSCOW (MRC) -- Plastic Energy Ltd has announced plans to partner with Freepoint Eco-Systems LLC and TotalEnergies to build a pyrolysis-based chemical recycling facility in Texas, said the company.

According to a joint news release on the partnership, the project will process and convert 33,000 tons of postconsumer end-of-life plastic scrap annually. The plant is expected to become operational by 2024. TACOIL will be used to manufacture polymers in TotalEnergies Texas-based production unit to help create items such as flexible and rigid food packaging containers.

We are delighted to announce Plastic Energys first project in the U.S., which is a region that has enormous potential for the plastic-to-plastic advanced recycling market, says Carlos Monreal, founder and CEO of Plastic Energy. Using our patented and innovative technology, this new advanced recycling plant in the U.S. will be able to treat postconsumer waste that would otherwise be incinerated, landfilled or end up polluting the environment."

Plastic Energy, Freepoint Eco-Systems and TotalEnergies say they are committed to developing plastics recycling to build a more circular and sustainable economy. In 2020, TotalEnergies and Plastic Energy announced a joint venture to build a plastic waste conversion facility with a capacity of 15,000 tons annually at the TotalEnergies Grandpuits zero-crude platform in France. That project is expected to be operational in early 2023.

Freepoint Eco-Systems is thrilled to partner with these two like-minded firms to reduce plastic disposed of in landfills and to increase the recycling of plastic that heretofore has been challenging to recycle, says Jeff McMahon, managing director of Freepoint. The Texas project will reduce the need for fossil feedstocks, which results in carbon left in the ground, a more sustainable economy and a healthier planet."

As MRC informed before, TotalEnergies has recently inaugurated the extension of Synova in Normandy, the French leader in recycled polypropylene production. TotalEnergies is therefore doubling its mechanical recycling production capacity for recycled polymers, to meet growing demand for sustainable polymers from customers, such as Automotive Manufacturer (Auto OEM) and the construction industry.

According to MRC's ScanPlast report, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.

TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables, and electricity. The company rebranded itself from Total to TotalEnergies during Q2 2021. The French firm has announced allocating part of surplus revenues to share buybacks. Its 105,000 employees are committed to energy that is ever more affordable, clean, 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.
Author:Anna Larionova
Tags:petroleum products, crude oil, neftegaz, petrochemistry, Total Petrochemicals, recycling.
Category:General News
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