TotalEnergies and Indaver sign an offtake agreement for petrochemical feedstock from advanced recycling
Under this agreement, TotalEnergies will purchase the petrochemical feedstock produced at Indaver’s first Plastics2Chemicals plant (P2C). Indaver will supply and transform post-consumer mixed plastic waste into a petrochemical feedstock at its plant in Antwerp using its proprietary depolymerization technology. Currently under construction, the plant is expected to become operational by 2024.
TotalEnergies will process this petrochemical feedstock into high-quality circular polymers at its plants in Antwerp. With properties and quality identical to virgin polymers, the recycled polymers will be suitable for a wide range of high demanding applications including food-grade packaging.
““We are delighted to support the development of advanced plastic recycling through this new offtake agreement. A collaboration throughout the value chain is critical to develop a more circular and sustainable economy. This partnership contributes to our ambition of producing 30% circular polymers by 2030.”, said Valérie Goff, Senior Vice President Renewable Fuels & Chemicals.
“We are very pleased with this agreement. Our companies share the same vision of a true circular economy for recycled end-of-life plastics” declared Paul De Bruycker, CEO of the Indaver Group. “Indaver’s Plastics-to-Chemicals (P2C) depolymerisation technology allows to recycle end-of-life plastics such as polyolefins and polystyrene by converting them into a petrochemical feedstock that can be used for the production of high-demand packaging materials. With P2C, we significantly expand the possibilities for recycling of end-of-life plastics waste that could previously not be recycled or only be used for conversion into low-value applications” Mr De Bruycker added.
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.
Indaver is a European player in the waste industry with plants and operations in Belgium, the Netherlands, France, Germany, Portugal, Italy, Ireland and the United Kingdom. Indaver manages and treats industrial and household waste in specialist facilities for the industry, waste collectors and governments. Indaver recovers valuable raw materials and energy from these treated waste streams. By doing so, Indaver is creating value from waste and helping to close the materials loop in a safe, low carbon and energy-efficient manner, which makes Indaver the ideal partner in the pursuit of a sustainable circular economy. In 2021, Indaver achieved a turnover of 647 million euros with approximately 1,900 staff throughout Europe.
More information: www.indaver.com or www.indaver.com/plasticstochemicals
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