TotalEnergies, a multi-energy company headquartered in France, and sustainable waste management and chemical recycling company Indaver, have entered into a commercial agreement for the supply of petrochemical feedstock generated from the recycling of mixed polyolefins waste.
Indaver is currently building its first Plastics2Chemicals plant at its site in Antwerp. That plant, which is scheduled to go into operation in 2024, will process post-consumer mixed plastic waste into a petrochemical feedstock, using Indaver’s proprietary depolymerisation technology.
“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,” said Indaver CEO Paul De Bruycker.
Under the present agreement, this feedstock will be purchased by TotalEnergies, who will process this into circular, virgin quality polymers suitable for a wide range of high demanding applications including food-grade packaging at its plants in Antwerp.
“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,” said Valérie Goff, Senior Vice President Renewable Fuels & Chemicals.
Indaver has facilities and operations at more than 30 locations in Belgium, Germany, Ireland, UK, the Netherlands, Italy, Spain and Portugal. The Indaver Group manages around 5 million tonnes of waste every year and employs approximately 1,700 people.