Energy giant TotalEnergies announced today a new agreement with chemical recycling company New Hope Energy for a new advanced plastic recycling plant in Texas to transform end-of-life plastic waste that would otherwise end up in landfills or incineration into a recycled feedstock.
The new facility, to be built by New Hope Energy, is expected to be able to process and convert more than 310,000 tons per year of mixed plastic waste, with production beginning in 2025.
Rusty Combs, Chief Executive Officer of New Hope Energy, said:
“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. Our partnership with Lummus has allowed us to provide the scale and reliability necessary to support them in this mission.”
Under the new agreement, TotalEnergies will purchase 100,000 tons of Recycled Polymer Feedstock (RPF) for its Texas-based production units, for use in manufacturing high-quality polymers for food-grade packaging.
According to TotalEnergies, the new agreement aligns with the company’s ambition to produce 30% circular polymers by 2030.
Valérie Goff, Senior Vice President, Polymers at TotalEnergies, said:
“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.”