Plastic Energy and TotalEnergies Sign an Agreement for an Advanced Recycling Project in Spain

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This press release contains multimedia. View the full release here: https://www.businesswire.com/news/home/20220110006139/en/

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Plastic Energy and Total Energies (Paris: TTE) (LSE: TTE) (NYSE: TTE) have announced a new agreement to promote the development of advanced plastics recycling. Under this agreement, Plastics Energy plans to build, in addition to its existing operating plant, a second advanced recycling plant in Seville, Spain, which will use Plastics Energy’s patented recycling technology to end-life in a recycled feedstock called TACOIL. Plastic will replace the waste. TotalEnergies will convert this raw material into virgin-quality polymers that can be used for food-grade packaging.

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The plant will process and convert 33,000 tonnes of post-consumer plastic waste annually, which would otherwise be destined for landfill or incineration. Following a successful processing experiment at TotalEnergies’ petrochemical platform in Antwerp, the plant is expected to be operational in early 2025 to use TACOIL to manufacture high-quality polymers at TotalEnergies’ European-based production units. With properties similar to virgin, recycled polymers would be suitable for use in food-grade applications, such as flexible and rigid food packaging containers.

Plastic Energy and Total Energy are both committed to developing plastic recycling to address the issue of plastic waste and to create a circular economy in Europe and globally. In line with this commitment, TotalEnergies and Plastic Energy have announced a joint venture in September 2020 to build a plastic waste conversion facility with a capacity of 15,000 tonnes per year on the TotalEnergies Grandpuits zero-crude platform in France. The project is expected to be commissioned in 2023.

Additionally, Plastics Energy, Freepoint Eco-Systems and Total Energies announced a strategic partnership in October 2021 for a similar recycling plant in Texas, USA. 33,000 tons of plastic waste per year, and is expected to be operational by the middle of 2024. Under the agreement, TACOIL will be converted by TotalEnergies into its Texas-based production units.

“I am delighted to announce another new plastic energy plant in Spain, and a new collaboration agreement with our partner Total Energies,” said Carlos Monreal, founder and CEO of Plastic Energy. “This new large-scale recycling plant will be an impressive addition to our existing portfolio of plants operating in Spain and will allow for an increase in the amount of end-of-life plastics that we can recycle in Europe.”

“This new project with Plastics Energy in Spain follows two previously announced collaboration projects in France and the US,” said Valerie Goff, Senior Vice President, Polymers at TotalEnergies.

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About Plastic Energy Ltd.

Plastic Energy is a global leader in chemical recycling, offering a sustainable solution to help stop plastic waste, turning previously unusable plastic waste into a valuable resource. Our patented and proven chemical recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL) to create virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in continuous operation in Spain and is one of the few companies worldwide that have undertaken the conversion of end-of-life plastic waste to replace fossil oils in the manufacture of new plastics. Sold to TACOIL. We are leading our sector in the transition to a low-carbon circular economy for plastics. Visit our website at www.plasticenergy.com and follow us on Twitter and LinkedIn.

About Total Energy

TotalEnergies is a global multi-energy company that produces and markets energy: oil and biofuels, natural gas and green gas, renewables and electricity. Our 105,000 employees are committed to energy that is more affordable, cleaner, more reliable and accessible to as many people as possible. Operating in over 130 countries, TotalEnergies places sustainable development in all its dimensions at the center of its projects and operations to contribute to the well-being of the people.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

caution note

The terms “TotalEnergies”, “TotalEnergies Company” or “Company” are used in this document to designate TotalEnergies SE and consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Similarly, the words “we”, “we” and “our” may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE directly or indirectly own a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They can be proven wrong in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assume any obligation to publicly update any forward-looking information or statements, objectives or trends contained in this document, whether as a result of new information, future events or otherwise. be as a result. Information regarding risk factors that could affect the financial results or activities of TotalEnergies is provided in the most recent registration document, the French-language version of which has been filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF) , and in Form 20-F filed with the United States Securities and Exchange Commission (SEC).

View the source version at businesswire.com: https://www.businesswire.com/news/home/20220110006139/en/

CONTACT:

Plastic Energy Contact

-- [email protected] or +44 (0)7557 969 966

TotalEnergies Contact

-- Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalEnergiesPR -- Investor Relations: +33 1 47 44 46 46 l [email protected] SOURCE: TOTALENERGIES SE Copyright Business Wire 2022

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