Technip Energies and Anellotech to Jointly Develop Sustainable Plastics Recycling
Technip Energies (PARIS:TE) and Anellotech, Inc. (Anellotech) today announced they have signed a global joint development agreement to work cooperatively to further develop and then license Anellotech’s Plas-TCat™ process, a one-step thermal-catalytic recycling technology that converts mixed plastic wastes back into its constituent basic chemicals, with a specific focus to benzene, toluene, and xylene (BTX) that can be used to make most virgin plastics.
- Technip Energies (PARIS:TE) and Anellotech, Inc. (Anellotech) today announced they have signed a global joint development agreement to work cooperatively to further develop and then license Anellotech’s Plas-TCat™ process, a one-step thermal-catalytic recycling technology that converts mixed plastic wastes back into its constituent basic chemicals, with a specific focus to benzene, toluene, and xylene (BTX) that can be used to make most virgin plastics.
- It will incorporate Technip Energies’ downstream processing units, leading to a process design for use by Technip Energies in its role as the global Plas-TCat™ licensor.
- Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity at Technip Energies said: “Technip Energies is delighted to work with Anellotech to advance the Plas-TCat™ process.
- Together with our strategic funding partner R Plus Japan Ltd., we will work towards accelerating the global licensing and commercialization of the Plas-TCat™ process.”