Page 29 - Plastics News January 2022

CoMPANY NEwS

Plastic Energy And Totalenergies Partner For DS Nanaware Takes

Recycling Plant In Spain Over As Director
(Pipelines), IndianOil

M r DS

Nanaware has
taken charge
as Director
(Pipelines),
Indian Oil
Corporation
Limited, one of
India’s largest
commercial enterprises and among
the leading Indian companies in the
Fortune Global 500 listings.Mr D S
hemical recycling firm Plastic the partners formed a joint venture Nanaware, Director (Pipelines) of
CEnergy has joined forces with multi- to develop a plastic waste conversion IndianOil, is a Mechanical engineering
energy company TotalEnergies to build facility at the TotalEnergies Grandpuits graduate from Walchand College of
an advanced plastic recycling project in zero-crude platform in France. In Engineering, Sangli under Shivaji
Spain.As part of the initiative, Plastic addition, the two parties partnered with University, Kolhapur with a rich and
Energy will develop a second advanced Freepoint Eco-Systems in October varied experience of over 36 years. He
recycling plant in Sevilla. The facility will 2021 to build a recycling plant in Texas, is also the Chairman of IHB Ltd. a JV
leverage the company’s patented recycling US.TotalEnergies polymers senior vice- of IndianOil, HPCL and BPCL which
technology to convert end-of-life plastic president Valérie Goff said: “This new is building the world’s longest LPG
waste into a recycled material called project with Plastic Energy in Spain pipeline from Kandla to Gorakhpur.
TACOIL. TotalEnergies will convert follows two collaboration projects already Before he assumed the office of
TACOIL into virgin-quality polymers announced in France and the US. Those Director (Pipelines), he was Executive
for use as flexible and rigid food-grade projects contribute to addressing the Director (Projects) at the Pipelines
packaging containers. Expected to be challenge of the circular economy and to Division Head Office. Earlier, as the
operational in early 2025, the new plant our ambition of producing 30% recycled head of Southern Region Pipelines
will process and convert 33,000tpa of and renewable polymers by 2030.” This (SRPL), he was instrumental in starting
post-consumer end-of-life plastic waste. project is slated to be operational in 2023 the prestigious Ennore-Tuticorin
Plastic Energy founder and CEO Carlos and will have a capacity of 15,000tpa. Gas Pipeline Project and successfully
Monreal said: “I am pleased to announce Plastic Energy is a global leader in commissioning its Ennore-Manali and
another new Plastic Energy plant in chemical recycling, offering a sustainable Ramanathapuram-Tuticorin sections.
Spain, and a new collaboration agreement solution to help prevent plastic waste, Mr Nanaware is a keen proponent for
with our partner, TotalEnergies. “This transforming previously unrecyclable ushering a gas-based economy in the
new large-scale recycling plant will be plastic waste into a valuable resource. country and has played a key role in
an impactful addition to our existing Their patented and proven chemical the formation of two JV companies -
portfolio of operational plants in Spain recycling technology converts end-of-life GSPL India Gasnet Limited (GIGL)
and will allow for an increase in the plastic waste into an optimal feedstock and GSPL India Transco Limited
amount of end-of-life plastics that (TACOIL) for making virgin-quality (GITL)- both SPVs promoted by
we can recycle in Europe.” Plastic recycled plastics. Plastic Energy currently GSPL, IndianOil, BPCL and HPCL
Energy and TotalEnergies started their has two chemical recycling plants that are to create a pan India gas pipelines
collaboration in September 2020, when in constant operation in Spain. infrastructure.

28 PLASTICS NEWS JANUARY 2022 29 PLASTICS NEWS JANUARY 2022