TTE

TotalEnergies SE

52.34
USD
4.35%
52.34
USD
4.35%
40.33 61.14
52 weeks
52 weeks

Mkt Cap 138.20B

Shares Out 2.64B

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Totalenergies and New Hope Energy join forces on US advanced recycling project

TotalEnergies (NYSE:TTE) and New Hope Energy entered into a commercial pact under which latter will build an advanced recycling plant in Texas to transform end-of-life plastic waste into a recycled feedstock that former, will partly purchase and convert into virgin-quality polymers for food-grade packaging. The New Hope Energy plant is expected to start production in 2025 by using patented pyrolysis technology, developed in partnership with Lummus Technology. TotalEnergies will use 100K tons of Recycled Polymer Feedstock in its Texas-based production units to manufacture high-quality polymers suitable for food-grade applications such as flexible and rigid food packaging containers.

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