TotalEnergies and Honeywell partner to change plastic waste landscape

TAGS

TotalEnergies and Honeywell, an American multinational conglomerate, have signed an agreement to address the issue of plastic waste that may otherwise be intended for landfills.

As part of the deal, Honeywell will supply recycled polymer feedstock (RPF) to the France-based oil and gas company, which will be converted into virgin-quality polymers that could be used for food-grade applications such as flexible and rigid food packaging containers.

Ben Owens — Vice President and General Manager of Honeywell Sustainable Technology Solutions said: “Plastics demand will continue to grow, so it’s critical to create a linkage between waste management and plastics production to strengthen a circular flow of plastics.

See also  TotalEnergies to acquire West Burton Energy for £450m to bolster UK energy portfolio

“The relationship with TotalEnergies will provide a strong recycled polymer feedstock offtake partner and coupled with our recently announced advanced recycling plant with Sacyr, Honeywell is leading the drive toward a more circular plastics economy.”

TotalEnergies and Honeywell partner to change plastic waste landscape

TotalEnergies and Honeywell partner to change plastic waste landscape. Photo courtesy of meineresterampe from Pixabay.

The recycled polymer feedstock is manufactured by using Honeywell’s UpCycle Process Technology to be installed at an advanced recycling facility.

See also  Vodafone Group to sell Vodafone Spain to Zegona Communications for €5bn

The UpCycle recycling facility, intended to be built in Andalucía, Spain, will be a joint venture between Honeywell and Spanish infrastructure operator and developer company Sacyr.

Valérie Goff — Senior Vice President of TotalEnergies Polymers said: “We are pleased to partner with Honeywell to tackle the issue of plastic waste through the development of advanced plastic recycling, and thereby the circular economy, one of the pillars of sustainable development.

See also  EQT signs $5.3bn deal to acquire waste-to-energy solutions provider Covanta

“This project, with a 2023 targeted startup, will contribute to meet our ambition of producing 30% recycled and renewable polymers by 2030.”

Scheduled to commence operations in 2023, the UpCycle recycling facility in Spain is expected to process and convert 30,000 tons per annum of mixed plastic waste into recycled polymer feedstock.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This