Technip Energies (PARIS:TE) and Anellotech, Inc. (Anellotech) announced it has signed a global joint development agreement to collaborate on the further development and subsequent licensing of Anellotech's Plas-TCat process, a mixed conversion one-step thermocatalytic recycling technology. plastic waste back into its constituent base chemicals, with a particular focus on benzene, toluene and xylene (BTX) which can be used to produce most virgin plastics.
The companies will bring their combined process technology expertise and know-how to complete comprehensive performance tests at Anellotech's 100 ton/year nameplate feed rate demonstration plant in Silsbee, Texas. It will incorporate Technip Energies' downstream processing units, creating a process design for Technip Energies to use in its role as a global Plas-TCat licensor.
The Plas-TCat process can provide all major resins with predictable final product yields. This process can reduce CO2 emissions by up to 50% compared to the production of pure monomers in naphtha biscuits.
Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circulars at Technip Energies said: “Technip Energies is delighted to partner with Anellotech to advance the Plas-TCat process. Anellotech's technology offers a new direction to solve the plastic waste problem, turning mixed plastic waste into useful end products. For us, this is another opportunity to contribute to the circular economy, including in Japan today.”
David Sudolsky, founder, chairman and CEO of Anellotech, said “Anellotech looks forward to collaborating with Technip Energies, a world leader in petrochemical technology, fluid catalytic cracking, refining and steam cracking. This collaboration will provide the compelling, cost-effective and scalable LCA solution needed to address the plastics sustainability problem. Together with our strategic sponsor R Plus Japan Ltd., we will work to advance the global licensing and commercialization of the Plas-TCat process.”
Note: The content of this press release has not been edited by Fiber2Fashion staff.
Technip Energies and Anellotech have signed a joint development agreement to enhance and license Anellotech's Plas-TCat process. The tests will be conducted at Anellotech's demonstration plant in Texas, integrating Technip Energies' downstream process units. The process aims to reduce CO2 emissions by up to 50% compared to pure monomer production.
Fiber2 Fashion News Desk (HU)
