United States – Plastic Energy, Freepoint Eco-Systems, and TotalEnergies have announced a strategic alliance in the United States.
Under the terms of the agreement, Plastic Energy and Freepoint Eco-Systems intend to construct an advanced recycling plant in Texas that will use Plastic Energy’s proprietary technology to convert end-of-life plastic waste into a recycled feedstock known as TACOIL. TotalEnergies will process this raw material into virgin-quality polymers suitable for food-grade packaging.
The project will process and convert 33,000 tons of post-consumer end-of-life plastic waste each year that would otherwise end up in a landfill or cremation. The plant is scheduled to be operational by the middle of 2024, with TACOIL utilized to manufacture high-quality polymers in TotalEnergies’ Texas-based production plants, allowing the development of goods such as flexible and rigid food packaging containers.
Plastic Energy, Freepoint Eco-Systems, and TotalEnergies are all committed to creating plastics recycling in order to address the issue of plastic waste and to construct a more circular and sustainable economy in the United States and around the world. In keeping with this pledge, TotalEnergies and Plastic Energy launched a joint venture in September 2020 to establish a 15,000-tonne-per-year plastic waste conversion facility at the TotalEnergies Grandpuits zero-crude platform in France. The project is scheduled to be completed in early 2023.