Total Strengthens Plastic-Recycling Position With Strategic Partnership
May 19 2020 - 3:10AM
Dow Jones News
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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