- Honeywell’s UpCycle Process Technology selected to recycle up to 30,000 tons of mixed waste plastics per year
Mumbai, INDIA – August 22, 2024 — Honeywell (NASDAQ: HON) has announced that Beijing Hinergy Qingyuan Technology Co., Ltd. (“Hinergy”) will deploy Honeywell UpCycle Process Technology to help accelerate plastic recycling in China.
Hinergy plans to build a plastic facility in Shandong Province that will deploy Honeywell’s UpCycle Process Technology to convert waste plastic into recycled polymer feedstock (RPF). The facility is expected to transform 30,000 tons of mixed waste plastics into RPF per year using Honeywell’s technology. The collaboration underscores Honeywell’s focus on the energy transition, one of three compelling megatrends Honeywell’s portfolio is aligned to alongside automation and the future of aviation.
UpCycle reduces the need for fossil fuel-derived virgin plastics. When used in conjunction with other chemical and mechanical recycling processes – along with improvements to collection and sorting – Honeywell’s UpCycle Process Technology has the potential to help recycle nearly 90% of waste plastics. This would represent a considerable increase in the amount of waste plastics that can be turned into polymer feedstock.
“Hinergy is fully committed to technological development and project construction in China’s environmental protection industry. With the accelerated global carbon reduction process and national support for the circular economy, we are confident in the future market prospects for recycling plastic waste,” said Chen Donglin, Chairman of Hinergy. “Through cooperation with Honeywell, Hinergy will leverage the company’s UpCycle Process Technology to establish our first waste plastic recycling facility, and further contribute to China’s circular plastics economy.”
Honeywell’s UpCycle Process Technology utilizes industry-leading molecular conversion, pyrolysis, and contaminants management technology to convert waste plastic back to RPF, which is then used to create new plastics. This expands the types of plastics that can be recycled, including colored, flexible, multilayered packaging and polystyrene.
“Honeywell’s UpCycle Process Technology broadens the types of plastics that can be recycled, to help close the loop within the plastics supply chain with a lower carbon footprint,” said William Yu, President of Honeywell China. “We are pleased to collaborate with Hinergy to promote the commercial application of UpCycle, helping to address challenges in traditional plastic waste recycling and contributing to China’s sustainable development goals.”
[1] Assuming sorting and collection improves to recover most waste plastic, and chemical recycling, including Honeywell UOP UpCycle Process, is widely deployed. The 90 percent of waste plastics that could be recycled may change depending on the number of consumers or communities that have access to recycle waste plastics or the availability of recycle facilities.
[2] Honeywell UOP analysis of US EPA Advancing Sustainable Materials Management: Facts and Figures 2018 and IHSMarkit 2019 world polymer consumption data.
