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Honeywell Intends to Form Joint Venture with Avangard Innovative to Build an Advanced Recycling Plant in Texas01/27/2022 | 08:01am
Honeywell announced its intent to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. The facility will use Honeywell's recently announced UpCycle Process Technology to transform end-of-life plastic waste into recycled polymer feedstock that can be used to create new plastics. Honeywell's new UpCycle Process Technology reduces the need for fossil feeds in the creation of virgin plastics, with the goal of enabling a circular economy for plastics. Honeywell and Avangard intend to form a joint venture to co-own and operate a facility within Avangard's NaturaPCR complex in Waller, Texas. The planned advanced recycling plant is expected to have the capacity to transform 30,000 metric tons of mixed waste plastics into Honeywell Recycled Polymer Feedstock per year. Production is anticipated to begin in 2023. When used in conjunction with other chemical and mechanical recycling processes, along with improvements to collection and sorting, Honeywell's UpCycle Process Technology has the potential to increase the amount of plastic waste that can be recycled to 90% from only 15%. This announcement expands the UpCycle Process Technology footprint, building on Honeywell's recent announcement in Spain of its intent to form a joint venture with Sacyr. That joint venture would build an advanced recycling plant in Andalucía, in Southern Spain. That facility is expected to have the capacity to transform 30,000 metric tons per year of mixed waste plastics into Honeywell Recycled Polymer Feedstock. Honeywell's UpCycle Process Technology was created within Honeywell's Sustainable Technology Solutions (STS) business, which is part of Honeywell UOP. This latest breakthrough technology builds upon Honeywell's focus to deliver high impact, environmentally sustainable solutions for customers and society. Honeywell has a long legacy of sustainability-related innovation, including Solstice®, a new generation of low-global-warming-potential hydrofluoroolefin (HFO) refrigerants, aerosols, solvents and blowing agents that can reduce the greenhouse gas emissions impact of current offerings on the market by more than 99%. The company also pioneered Ecofining, a process that converts non-edible natural oils, animal fats and other waste feedstocks to Honeywell Green Diesel and Honeywell Green Jet Fuel.
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