reduce, reuse, recycle

TotalEnergies shares big circular economy win at Texas plant

TotalEnergies has announced its Texas plant can produce sustainably certified polymers for a wide range of purposes. Photo via totalenergies.com

For the first time in the United States, a global energy company has converted plastic waste into circular polymers.

TotalEnergies announced its milestone that took place at its polypropylene plant in La Porte, Texas. The plant, according to the company, will produce sustainably certified polymers for a wide range of purposes, including food grade packaging.

"After Europe, this first production of circular polymers from advanced recycling in the United States is a new step forward in our commitment to meeting the global market's growing demand for more innovative and sustainable plastics, as well as in our ambition to produce one million tons of circular polymers a year by 2030," Heather Tomas, Vice President Polymers Americas, says in the news release.

New Hope Energy's recycling facility in Tyler, Texas, provided the feedstock, which was converted into monomers at BASF TotalEnergies Petrochemicals facility in Port Arthur, Texas. BTP is a joint venture between BASF and TotalEnergies.

"We are excited to partner with TotalEnergies in our mutual effort to transform plastic for a cleaner world," Rusty Combs, CEO of New Hope Energy, says in the release. "This supply agreement is an important step towards achieving New Hope's goal of creating pyrolysis projects at a scale that will materially improve the nation's plastic recycling performance. We are honored by the confidence TotalEnergies has placed in both our team and our robust technology."

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A View From HETI

Houston American Energy Corp. has acquired Abundia Global Impact Group, which converts plastic and certified biomass waste into high-quality renewable fuels. Photo via Getty Images.

Renewable energy company Houston American Energy Corp. (NYSE: HUSA) has acquired Abundia Global Impact Group, according to a news release.

Houston American reports that the acquisition will allow it to create a combined company focused on converting waste plastics into high-value, drop-in, low-carbon fuels and chemical products. It plans to move forward with Abundia’s plans for developing large-scale recycling projects, with a new facility previously announced for the Gulf Coast, located in Cedar Port Industrial Park, near the Baytown area of Houston.

New York-based Abundia used its proprietary pyrolysis process to convert plastic and certified biomass waste into high-quality renewable fuels. Its founder, Ed Gillespie, will serve as CEO of the combined company and will join HUSA’s board of directors. Peter Longo, who previously served as HUSA's CEO, will serve as chairman of the board. Lucie Harwood was named CFO and Joseph Gasik will serve as COO.

“The completion of this acquisition represents a pivotal transformation for HUSA,” Longo said in a news release. “Abundia has a commercially ready solution for converting waste into valuable fuels and chemicals, with a backlog of development opportunities utilizing proprietary technologies and key industry partnerships. This transaction gives HUSA shareholders a ready-made platform and project pipeline for future value generation as the fuel and chemical industries accelerate their adoption of low-carbon solutions and sustainable aviation fuel.”

The combined company plans to serve what it estimates is a multi-billion-dollar global demand for renewable fuels, Sustainable Aviation Fuel (SAF) and recycled chemical feedstocks, according to the news release.

“This is a landmark moment for Abundia and a major step forward for the renewable industry,” Gillespie added in the release. “Joining forces with HUSA and entering the public capital markets positions us to accelerate growth, scale our technology and expand our influence within the renewable and recycling industries. I am proud of the hard work and determination of both the AGIG and HUSA teams to finalize this transaction. We look forward to delivering shareholder value and critical technologies to reduce carbon emissions.”

Houston American Energy announced the deal in March. The company also closed a $4.42 million registered direct offering in January.

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