Synova and Technip Energies Announce Partnership in the Field of Advanced Plastic Recycling

Synova and Technip Energies declare they have gone into a joint development and cooperation agreement to market Synova's high level plastic waste-to-olefins technology, in conjunction with Technip Energies' steam breaking technology.

Synova's licensed thermochemical recycling technology shuts the hole in the plastic supply chain, by taking filthy and blended plastic waste and separating it to its fundamental structure blocks, like olefin monomers and co-items, to deliver round plastics. The cycle has a low carbon impression and uproots the requirement for virgin polymers, as well as decreasing the requirement for concentrated plastic waste arranging.

The technology was imagined by the Netherlands Organization for Applied Scientific Research (TNO), an autonomous Dutch research organization that, among others, creates technology applicable to the Circular Economy and Energy Transition. Along with Synova, the technology has been additionally evolved, tried and directed over a 15-year range.

Technip Energies acquires its ability hydrocarbon treatment and cleansing, alongside its unrivaled involvement with plan, development and overhauling steam wafer units to this organization with Synova. The organization will help out Synova in the streamlining and improvement of the plastic recycling technology.

"Chemical recycling is going to be a big business, and we have a technological advantage in the race", said Van Morris, CEO of Synova. "Partnering with Technip Energies brings the expertise, skill and reputation to achieve the last mile of commercialization and allow this technology to provide a path to a more sustainable future."

Stan Knez, Senior Vice-President Technip Energies Process Technology, stated: "Technip Energies is founded on the vision of accelerating the energy transition for a better tomorrow. This partnership with Synova supports our vision by providing consumers, manufacturers and plastic producers a circular economy route, using recycled monomers from end-of-life plastic waste.  The symbiotic coupling of the Technip Energies steam cracker knowledge and Synova technology provides a comprehensive offering."

ABOUT SYNOVA
Synova is an advanced recycling company focused on closing the gap in the plastic supply chain. Its waste-to-chemicals technology is a superior form of chemical recycling, designed to displace the need for fossil fuels and reduce climate impacts.
Synova is focused on enhancing the circular economy of plastics and helping consumer product and petrochemical companies achieve targets for reducing waste and utilizing more recycled plastics.

ABOUT TECHNIP ENERGIES
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.