Plastic Energy Ltd., Freepoint Eco-Systems LLC and TotalEnergies have announced a strategic partnership in the U.S. Under this agreement, Plastic Energy and Freepoint Eco-Systems plan to build an advanced recycling plant in Texas, which will transform end-of-life plastic waste into a recycled feedstock called TACOIL using Plastic Energy?s patented technology. TotalEnergies will convert this raw material into virgin-quality polymers, which can be used for food-grade packaging. The project will process and convert yearly 33,000 tons of post-consumer end-of-life plastic waste that would otherwise be destined for landfill or incineration. The plant is expected to become operational by mid-2024 with TACOIL to be used for the manufacturing of high-quality polymers in TotalEnergies? Texas-based production units, enabling the creation of items such as flexible and rigid food packaging containers. Plastic Energy, Freepoint Eco-Systems and TotalEnergies are all firmly committed to developing plastics recycling to address the issue of plastic waste and to build a more circular and sustainable economy in the U.S. and globally. In line with this commitment, TotalEnergies and Plastic Energy announced in September 2020 a joint venture to build a plastic waste conversion facility with a capacity of 15,000 tons per annum at the TotalEnergies Grandpuits zero-crude platform in France. The project is expected to be operational in early 2023.