By Jessica Sier 
 

Total SA has signed an agreement with PureCycle Technologies to strengthen its position in plastic recycling, the company said on Tuesday.

The French company will purchase part of PureCycle Technologies' output from its facility in the U.S., and will assess the possibility of developing a new plant in Europe.

PureCycle Technologies separates contaminants from plastic-waste feedstock and transforms it into recycled polypropylene.

"This first partnership in the U.S. opens new perspectives for addressing the challenge of the circular economy and achieving our ambition of producing 30% recycled polymers by 2030," said Valerie Goff, Senior Vice President, Polymers at Total.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

May 19, 2020 02:55 ET (06:55 GMT)

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