MOSCOW (MRC) -- Honeywell announced its intent to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas, according to Hydrocarbonprocessing.
The facility will use Honeywell’s recently announced UpCycle Process Technology to transform end-of-life plastic waste into recycled polymer feedstock that can be used to create new plastics.
Honeywell’s new UpCycle Process Technology reduces the need for fossil feeds in the creation of virgin plastics, with the goal of enabling a circular economy for plastics.
Avangard Innovative is the largest plastics recycler in the Americas and will be the first to deploy the UpCycle Process Technology in the United States. Honeywell and Avangard intend to form a joint venture to co-own and operate a facility within Avangard’s NaturaPCR complex in Waller, Texas. The planned advanced recycling plant is expected to have the capacity to transform 30,000 metric tons of mixed waste plastics into Honeywell Recycled Polymer Feedstock per year. Production is anticipated to begin in 2023.
When used in conjunction with other chemical and mechanical recycling processes, along with improvements to collection and sorting, Honeywell’s UpCycle Process Technology has the potential to increase the amount of plastic waste that can be recycled to 90% from only 15% today.
This announcement expands the UpCycle Process Technology footprint, building on Honeywell’s recent announcement in Spain of its intent to form a joint venture with Sacyr. That joint venture would build an advanced recycling plant in Andalucia, in Southern Spain. That facility is expected to have the capacity to transform 30,000 metric tons per year of mixed waste plastics into Honeywell Recycled Polymer Feedstock.
Honeywell’s UpCycle Process Technology was created within Honeywell’s Sustainable Technology Solutions (STS) business, which is part of Honeywell UOP. This latest breakthrough technology builds upon Honeywell’s focus to deliver high impact, environmentally sustainable solutions for customers and society.
As MRC wrote previously, in January, 2022, Honeywell announced that it has been selected by Spanish oil and gas company Repsol to supply an integrated control and safety system (ICSS) for the first advanced biofuels production plant to be built in Spain.
We remind that Repsol said in October, 2021, it will invest EUR2.549 billion (USD2.958 billion) in the entire hydrogen value chain by 2030. Renewable hydrogen is one of Repsol’s strategic pillars to achieve zero emissions by 2050. Thus, the company presented its hydrogen strategy for up to 2030.
We also remind that the “Cracker of the Future” consortium has recently announced two new member companies: Repsol and Versalis (Eni) have joined the consortium.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,265,290 tonnes in the first eleven months of 2021, up by 14% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.