Versalis and Technip Energies join forces to integrate plastic waste recycling technologies

FRANCE – Versalis, Eni’s chemical company has signed an agreement with Technip Energies aimed at integrating Versalis’ Hoop® and Technip Energies’ Pure.rOilTM and Pure.rGasTM purification technologies by developing a technological platform for the advanced chemical recycling of plastic waste.

Through this collaboration, the companies intend to develop a “theoretically endless plastic recycling loop”.

The joint project will support the production of new virgin polymers that can be used for a wide range of applications.

Both the companies will integrate their technologies for developing a technological platform for advanced chemical recycling of plastic waste.

Versalis, a chemical company of Italy’s oil supermajor Eni, will provide its ‘Hoop’ technology.

The company describes its Hoop technology as a pyrolysis process that helps in recovering mixed plastic waste with high performance.

This Hoop technology will be integrated with Technip Energies’ ‘Pure.rOil’ and ‘Pure.rGas’ purification technologies.

Once integrated, the technologies will enable a circular economy system, while minimizing the overall carbon footprint across the polymer value chain.

Technip Energies chief operating officer Marco Villa said: “We are pleased to join forces with Versalis to bring our combined technologies for plastic waste recycling to commercialization.

“This alliance will help strengthen Versalis’ and Technip Energies’ leadership in the transformation of traditional basic chemicals and polymers into sustainable, decarbonized products and facilitate the transition to circular economy.”

Furthermore, the effort will also involve Technip Energies to provide its ethylene furnace and steam cracker design expertise.

The company currently operates over 700 steam crackers under its own licence across the globe.

Versalis CEO Adriano Alfani added: “We believe the partnership model is a very effective accelerator for growth, turning synergies into strength we need to make our industry more and more sustainable.

“This partnership with Technip Energies, which combines two companies’ innovative technologies in chemical recycling and significant industrial experience, will allow us to accelerate deployment of concrete and effective solutions to tackle plastic waste, to be applied wherever needed worldwide.”

In April this year, Versalis entered into exclusive negotiations to buy the part of Italian chemical group Novamont it does not already own.

Versalis, which currently has a 36% stake in Novamont, aims to acquire the rest of the company from Mater-Bi, a company controlled by private equity funds Investitori Associati II and NB Renaissance.

Versalis did not disclose financial details on Novamont, which specializes in biodegradable and compostable bioplastics and has four plants and four research centers in Italy.

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