New Hope Energy announced that it has signed a long-term agreement with Chevron Phillips Chemical to provide ISCC PLUS certified renewable chemical feedstock produced through pyrolysis. New Hope Energy builds advanced recycling plants that process Scrap Plastic and Municipal Solid Waste into certified renewable chemical feedstocks.
New Hope Technologies, an affiliate of New Hope Energy, has entered into a Joint Development and Commercialization Agreement with Green Circle, a Division of Lummus Technology, a world leader in licensing proprietary processes for the petrochemical, refining, and circular economy markets, to scale and license New Hope proprietary processes and equipment on a world-wide 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.