New Hope Energy signs a long-term agreement with Chevron Phillips Chemical to provide ISCC PLUS certified renewable chemical feedstock produced through pyrolysis. New Hope Energy builds recycling plants that process scrap plastic and municipal solid waste into certified renewable chemical feedstocks. New Hope Energy says it has future plans to create sustainable trade zones to co-locate eco-friendly businesses to facilitate the circular economy. This agreement is a milestone in New Hope Energy plans to collaborate with international partners to meet their sustainability commitments, according to the company.
New Hope Technologies, an affiliate of New Hope Energy, enters into a joint development and commercialization agreement with Green Circle, a division of Lummus Technology, to scale and license New Hope proprietary processes and equipment on a worldwide basis. New Hope Fabrication, a subsidiary of New Hope Energy, will be the exclusive manufacturer of the proprietary equipment and Lummus Technology will provide a production and quality guarantee on the equipment and output.
Trinity Oaks Tyler Phase I is the first of many plants to be built by New Hope and is now operating 24/7 to produce the ISCC PLUS certified renewable chemical feedstock for Chevron Phillips Chemical, according to the company. New Hope says it is committed to helping create a circular economy and anticipates other long-term agreements with major oil and other international companies in the near future, to facilitate their sustainability goals.
For more information, visit: www.newhopeenergy.com
