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

TotalEnergies SEAnnouncement

18/05/2022 08:15

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

 

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 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,”
said Valérie Goff, Senior Vice President, Polymers at TotalEnergies.

“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,” said Rusty Combs, Chief Executive
Officer of New Hope Energy. “Our partnership with Lummus has allowed us to
provide the scale and reliability necessary to support them in this
mission.”

“The ability to effectively and economically convert waste plastics to
pyrolysis oil for further use is a critical step in achieving a true circular
economy,” said Leon de Bruyn, President and Chief Executive Officer of
Lummus Technology. “Supporting TotalEnergies in reaching their
sustainability goals is exactly what our integrated processing solutions are
designed to do.”

***

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more 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.

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About New Hope Energy

New Hope Energy is a pioneer in the field of chemical recycling. Their first
plant has been successfully operating in Tyler Texas since 2018, with a
current expansion underway which will make it the largest pyrolysis facility
in the world. New Hope Energy is developing additional projects to support the
circular economy through the conversion of waste plastic into renewable
chemical feedstock. To learn more, visit https://newhopeenergy.com
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.

About the Lummus New Hope technolog

Lummus New Hope plastics pyrolysis technology converts end-of-life plastic
into feedstock to produce recycled plastics, diverting waste away from
landfills or the environment. Part of a partnership formed in 2020 between New
Hope Energy and Lummus, the technology combines Lummus’ strength to license,
scale-up and further develop process technology with New Hope Energy
operational experience and waste conversion technology.

TotalEnergies Contacts


 * Media Relations: +33 1 47 44 46 99 l 
presse@totalenergies.com (mailto:presse@totalenergies.com) 
l 
@TotalEnergiesPR
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 * Investor Relations: +33 (0)1 47 44 46 46 l 
ir@totalenergies.com (mailto:ir@totalenergies.com)

New Hope Energy contact


 * Media Relations: Ariel Herr | +1 469 235 2708 | 
arielcherr@gmail.com (mailto:arielcherr@gmail.com)

 * Inquiries: Tom Sheehy I +1 214 697 2086 I 
tsheehy@newhopeenergy.com (mailto:tsheehy@newhopeenergy.com)

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
TotalEnergies SE has no liability for the acts or omissions of these entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).



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