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Technip Energies with Agilyx to accelerate implementation of PS recycling technology

June 07/2021

MOSCOW (MRC) -- Technip Energies announced the initiation of an agreement with Agilyx Corporation, a wholly owned subsidiary of Agilyx AS, and pioneer in the advanced recycling of post-use plastics, said Hydrocarbonprocessing.

This collaboration aims to accelerate the implementation of Agilyxs technology for the advanced recycling of post-use polystyrene. Under this agreement, Technip Energies will market and license the integrated technologies of Agilyx depolymerization and Technip Energies purification technology, leveraging the expertise, resources, and global presence of respective companies. The technology is ready and available for licensing.

Both companies bring strong, specialized experience to this offering: Agilyx contributes its deep experience in chemical recycling of post-use plastics, while Technip Energies has extensive experience in scaling-up technology which will increase the plastic recovery.

Stan Knez, Chief Technology Officer of Technip Energies, stated We are delighted to scale-up this sustainable process to market with Agilyx, providing a reliable circular economy technology for a major plastic used widely throughout the world."

Tim Stedman, CEO of Agilyx, said: Were excited to be working with Technip Energies. This partnership further accelerates the deployment of polystyrene circularity in the market, broadening polystyrene recyclability."

Agilyxs proprietary advanced recycling technology converts post-use plastics back into their original chemical components such that they can be used to produce high-quality products that can be recycled indefinitely, without degradation.

As per MRC, Technip Energies provided the proprietary technology and process design for Hengli Petrochemical (Dalian) Chemical Co. Ltd.s (Hengli) mega 1,500 kta(1) liquid ethylene plant in Dalian, Liaoning Province, China. The plant successfully started up at the beginning of 2020 to reach its capacity shortly after the start-up, and despite COVID-19 context, passed all performance guarantees and the final acceptance test in the fourth quarter.

As MRC reported earlier, Technip Energies has been recently awarded a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.


mrcplast.com
Author:Anna Larionova
Tags:PP, PS, PE, Technip, recycling, sustainable development.
Category:General News
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