REG-TotalEnergies SE TotalEnergies and Honeywell Sign a Strategic Agreement to Promote the Development of Advanced Plastic Recycling

TotalEnergies SEAnnouncement

17/02/2022 08:00

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TotalEnergies and Honeywell Sign a Strategic Agreement to Promote the
Development of Advanced Plastic Recycling

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Honeywell today announced a
strategic agreement to promote the development of advanced plastic recycling.
Under this agreement, Honeywell will agree to supply TotalEnergies with
Recycled Polymer Feedstock (RPF) using Honeywell’s UpCycle Process
Technology at the recently announced Honeywell and Sacyr advanced recycling
plant, intended to be built in Andalucía, Spain. TotalEnergies will purchase
and convert this raw material into virgin-quality polymers, which could be
used for food-grade packaging and other high demanding applications.

The UpCycle plant, which will be owned by a joint venture between Honeywell
and Sacyr, is planned to process and convert yearly 30,000 tons of mixed
plastic waste into RFP, that may otherwise be destined for landfill or
incineration. The projected startup of the UpCycle plant is expected in 2023,
with RPF to be used for the manufacturing of high-quality polymers in
TotalEnergies’ European-based production units. With identical properties to
virgin polymers, the recycled polymers are expected to be suitable for a wide
range of applications including food-grade applications, such as flexible and
rigid food packaging containers.

This first planned project represents the start of the collaboration between
TotalEnergies and Honeywell in the field of advanced recycling. Both parties
are committed to addressing the issue of plastic waste and helping to build a
more circular and sustainable economy in Europe, and the rest of the world.

"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. This project,
with a 2023 targeted startup, will contribute to meet our ambition of
producing 30% recycled and renewable polymers by 2030 “said Valérie Goff,
Senior Vice President, Polymers at TotalEnergies.

“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,” said Ben Owens, vice president and general
manager, Honeywell Sustainable Technology Solutions. “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.”

***

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 105,000 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 Honeywell

Honeywell (www.honeywell.com
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) is a Fortune 100 technology company that delivers industry-specific
solutions that include aerospace products and services; control technologies
for buildings and industry; and performance materials globally. Our
technologies help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world smarter,
safer, and more sustainable.

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).

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 1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

Honeywell contact 

Media Relations: Mike Hockey +1 832 285 4933 l mike.hockey@honeywell.com 
(mailto:mike.hockey@honeywell.com) 
Investor Relations: Sean Meakim +1 704 627 6200 l sean.meakim@honeywell.com
(mailto:sean.meakim@honeywell.com)



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