Technip Energies, an engineering and technology company for the energy transition headquartered in France, and US-based Anellotech have signed a global joint development agreement, the companies announced. The companies will collaborate on the further development and and the licensing of Anellotech’s Plas-TCat process.
The companies aim to conduct comprehensive performance trials at Anellotech’s 100 tonnes/year nameplate feed rate demonstration plant in Silsbee, Texas. A process design incorporating downstream processing units from Technip Energies will be incorporated, which will be used by Technip Energies in its role as the global Plas-TCat licensor.
Technip Energies is a global leader in petrochemical, fluid catalytic cracking, refining and steam cracker technologies, said David Sudolsky, founder, president and CEO of Anellotech. "This collaboration will provide the scalable, cost-efficient, attractive LCA solution needed to address plastic sustainability.”
He added that the partners would also be working with Anellotech’s strategic funding partner R Plus Japan Ltd., to advance the global licensing and commercialisation of the process.
The Plas-TCat process is a highly scalable, one-step thermal-catalytic recycling technology with a broad feedstock tolerance. The process converts mixed plastic wastes back into their constituent basic chemicals, with a specific focus on benzene, toluene, and xylene (BTX), as well as ethylene, propylene and butylene with predictable end-product yields. These chemicals can then be used to make virgin-quality plastics. Compared to the production of virgin monomers in naphtha crackers, the Plas-TCat process produces up to 50% less CO2 emission.
“Anellotech’s technology brings a new pathway towards solving the plastic waste problem, converting the mixed plastic wastes into useful end products. For us, this is another opportunity to contribute to the circular economy, including now in Japan,” said Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity at Technip Energies.