Technip Energies and Alterra sign petrochemical agreement
Technip Energies and Alterra Energy have signed a global joint development and collaboration agreement to integrate Alterra’s commercially available liquefaction process technology with Technip Energies’ pyrolysis oil purification technology.
This will maximise the adoption of recycled feedstock and improve circular economy solutions for the global petrochemical industry.
Alterra provides an innovative, patented, thermochemical liquefaction, converting hard-to-recycle plastic into pyrolysis based oil (PyOil).
Technip Energies brings extensive knowledge of ethylene furnace and steam cracker design, preparation and purification of heavy feedstocks for refining and petrochemical facilities, all of which is combined in its Pure.rOil™ purification technology, ensuring safe, reliable and an optimised integration with individual crackers.
The combination of both companies’ solutions ensures Alterra’s recycled PyOil is drop-in ready feedstock to further accelerate the replacement of hydrocarbon-based oil with recycled feedstock in the production of new plastic-based materials.
Bhaskar Patel, SVP sustainable fuels, chemicals and circularity at Technip Energies said: “Technip Energies’ Pure.rOil, combined with Alterra’s experience and innovative advanced recycling solution, is helping create new pathways toward solving the plastic waste problem. This partnership with Alterra further strengthens our growing presence in the field of plastics recycling and circularity.”
Frederic Schmuck, CEO of Alterra Energy, added: “Our partnership with Technip Energies allows us to offer a more holistic value proposition to our customers by ensuring that our recycled product can be utilised as a direct feed in the majority of existing chemical and petrochemical assets for the production of new plastics, thus closing the plastic recycling loop. To meet the growing demand for recycled content, Alterra will continue to forge partnerships and collaborations with innovative companies like Technip Energies to create a recycling ecosystem that’s as efficient and effective as possible.”
This will maximise the adoption of recycled feedstock and improve circular economy solutions for the global petrochemical industry.
Alterra provides an innovative, patented, thermochemical liquefaction, converting hard-to-recycle plastic into pyrolysis based oil (PyOil).
Technip Energies brings extensive knowledge of ethylene furnace and steam cracker design, preparation and purification of heavy feedstocks for refining and petrochemical facilities, all of which is combined in its Pure.rOil™ purification technology, ensuring safe, reliable and an optimised integration with individual crackers.
The combination of both companies’ solutions ensures Alterra’s recycled PyOil is drop-in ready feedstock to further accelerate the replacement of hydrocarbon-based oil with recycled feedstock in the production of new plastic-based materials.
Bhaskar Patel, SVP sustainable fuels, chemicals and circularity at Technip Energies said: “Technip Energies’ Pure.rOil, combined with Alterra’s experience and innovative advanced recycling solution, is helping create new pathways toward solving the plastic waste problem. This partnership with Alterra further strengthens our growing presence in the field of plastics recycling and circularity.”
Frederic Schmuck, CEO of Alterra Energy, added: “Our partnership with Technip Energies allows us to offer a more holistic value proposition to our customers by ensuring that our recycled product can be utilised as a direct feed in the majority of existing chemical and petrochemical assets for the production of new plastics, thus closing the plastic recycling loop. To meet the growing demand for recycled content, Alterra will continue to forge partnerships and collaborations with innovative companies like Technip Energies to create a recycling ecosystem that’s as efficient and effective as possible.”
