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Stock impact report

Plastic Recycling: TotalEnergies and New Hope Energy Partner on U.S. Advanced Recycling Project

TotalEnergies SE (TTE) 
Company Research Source: Business Wire
HOUSTON & PARIS--(BUSINESS WIRE)--Regulatory News: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 wi Show less Read more
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