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REG-TotalEnergies SE Plastic Energy and TotalEnergies Sign an Agreement for an Advanced Recycling Project in Spain

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Plastic Energy and TotalEnergies Sign an Agreement for an Advanced Recycling
Project in Spain

 

Plastic Energy and TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) have
announced a new agreement to promote the development of advanced plastic
recycling. Under this agreement, Plastic Energy plans to build a second
advanced recycling plant in Sevilla, Spain, in addition to their existing
operational plant, which will transform end-of-life plastic waste into a
recycled feedstock called TACOIL using Plastic Energy’s patented recycling
technology. TotalEnergies will convert this raw material into virgin-quality
polymers, which can be used for food-grade packaging.

The plant will process and convert 33,000 tons of post-consumer end-of-life
plastic waste yearly, that would otherwise be destined for landfill or
incineration. The plant is expected to become operational in early 2025, with
TACOIL to be used for the manufacturing of high-quality polymers in
TotalEnergies’ European-based production units, following a successful
processing experimentation in TotalEnergies’ petrochemical platform in
Antwerp. With identical properties to virgin ones, the recycled polymers will
be suitable for use in food-grade applications, such as flexible and rigid
food packaging containers.

Plastic Energy and TotalEnergies are both firmly committed to develop plastics
recycling to address the issue of plastic waste, and to build a circular
economy in Europe and globally. In line with this commitment, TotalEnergies
and Plastic Energy have announced in September 2020 a joint venture to build a
plastic waste conversion facility with a capacity of 15,000 tonnes per year at
the TotalEnergies Grandpuits zero-crude platform in France. The project is
expected to be operational in 2023.

Additionally, Plastic Energy, Freepoint Eco-Systems and TotalEnergies
announced a strategic partnership in October 2021 for a similar recycling
plant in Texas, U.S.A. This plant, which is a joint venture between Plastic
Energy and Freepoint Eco-systems, will have the capacity to recycle 33,000
tonnes of plastic waste per year, and is expected to be operational by
mid-2024. Under the agreement, TACOIL will be converted by TotalEnergies in
its Texas-based production units.

“I am pleased to announce another new Plastic Energy plant in Spain, and a
new collaboration agreement with our partner, TotalEnergies” said Carlos
Monreal, founder and CEO of Plastic Energy. “This new large-scale recycling
plant will be an impactful addition to our existing portfolio of operational
plants in Spain and will allow for an increase in the amount of end-of-life
plastics that we can recycle in Europe.”

“This new project with Plastic Energy in Spain follows two collaboration
projects already announced in France and the U.S. Those projects contribute to
addressing the challenge of the circular economy and to our ambition of
producing 30% recycled and renewable polymers by 2030,” said Valérie Goff,
Senior Vice President, Polymers at TotalEnergies.

***

About Plastic Energy Ltd.

Plastic Energy is a global leader in chemical recycling, offering a
sustainable solution to help prevent plastic waste, transforming previously
unrecyclable plastic waste into a valuable resource. Our patented and proven
chemical recycling technology converts end-of-life plastic waste into an
optimal feedstock (TACOIL) for making virgin-quality recycled plastics.
Plastic Energy currently has two chemical recycling plants that are in
constant operation in Spain and is one of the few companies worldwide that has
sold TACOIL from the conversion of end-of-life plastic waste to replace fossil
oils in the manufacturing of new plastics. We are leading our field in the
transition to a low-carbon circular economy for plastics. Visit our website at
www.plasticenergy.com
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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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Plastic Energy contact


 * press@plasticenergy.com (mailto:press@plasticenergy.com) 
or +44 (0)7557 969 966

TotalEnergies Contacts


 * Media Relations: +33 1 47 44 46 99 l 
presse@totalenergies.com (mailto:presse@totalenergies.com) 
l 
@TotalEnergiesPR (https://twitter.com/TotalEnergiesPR)

 * Investor Relations: +33 1 47 44 46 46 l 
ir@totalenergies.com (mailto:ir@totalenergies.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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