MOSCOW (MRC) -- Synova and Technip Energies have entered into a joint development and cooperation agreement to commercialize Synova’s advanced plastic waste-to-olefins technology, in conjunction with Technip Energies’ steam cracking technology, according to Hydrocarbonprocessing.
Synova’s patented thermochemical recycling technology closes the gap in the plastic supply chain, by taking dirty and mixed plastic waste and breaking it down to its basic building blocks, such as olefin monomers and co-products, to produce circular plastics. The process has a low carbon footprint and displaces the need for virgin polymers, in addition to reducing the need for intensive plastic waste sorting.
The technology was invented by the Netherlands Organization for Applied Scientific Research (TNO), an independent Dutch research organization that, amongst others, develops technology relevant to the Circular Economy and Energy Transition. Together with Synova, the technology has been further developed, tested and piloted over a 15-year span.
Technip Energies brings its expertise in hydrocarbon treatment and purification, along with its unmatched experience in design, construction and upgrading steam cracker units to this partnership with Synova. The company will cooperate with Synova in the optimization and improvement of the plastic recycling technology.
The result of the strategic partnership will provide a unique waste-to-olefins solution, reducing carbon dioxide emissions and end-of-life plastic pollution by closing the loop in support of a circular economy. The approach gives consumer goods manufacturers a way to achieve recycled content targets, as well as the continued use of current packaging materials now that there is a process to recycle them.
As MRC reported before, in February 2021, TechnipFMC announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies.
We remind that in November 2020, TechnipFMC successfully completed the remaining conditions required to enable work to commence on the EPC contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new hydrocracking complex for the Assiut refinery in Egypt.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.