United Kingdom – Lummus Technology’s Green Circle subsidiary has signed a Letter of Intent (LOI) with Phigenesis, a UK-based company established to deliver ISCC+ certified renewable chemical feedstock for use in existing petrochemical plants to manufacture virgin grade plastics suitable for all grades of application.
Phigenesis will use the Lummus New Hope Plastics Pyrolysis Technology for a new chemical recycling facility with a capacity of 150,000 tonnes per year under the terms of the agreement. This will be the first license of the proven chemical recycling technology in Europe, and the first project will significantly increase Europe’s current chemical recycling capacity at this scale.
This agreement expedites Phigenesis’ delivery of European projects, with the first site sized at 150,000 tonnes per year and employing proven operating technology. The new facility, which is based on the Lummus New Hope Plastics Pyrolysis process, will allow for a significant reduction in carbon emissions when compared to plastics waste incineration and virgin polymer production, and will aid in the fight against climate change by directly replacing oil-derived feedstocks with recycled content. The technology is part of a 2020 partnership between New Hope Energy and Lummus, which combines Lummus’ ability to license, scale-up, and further develop process technology with New Hope Energy’s operational experience and waste conversion technology.
Phigenesis intends to develop five similar-sized projects in Europe, including feedstock supply, product sales, and engineering delivery. The Phigenesis approach to each project prioritizes the use of renewable energies and low-emission technologies to achieve a significant contribution to net zero.