Zeolyst International and Valoregen Announce Strategic Development Program for Advanced Plastic Recycling Technologies
July 19 2023 - 9:00AM
Business Wire
Zeolyst International, an Ecovyst Inc. (NYSE: ECVT) joint
venture that is a leading producer of zeolites (“Zeolyst”), and
Valoregen, a leading innovator of recycling technologies, proudly
announce their cooperation for the development of advanced
recycling technologies utilizing Zeolyst International’s portfolio
of Opal Infinity™ Zeolites. Through this collaboration, Zeolyst
International and Valoregen are focused on the development of
efficient and cost-effective solutions for plastic waste recycling
necessary to support the further expansion of the plastic circular
economy.
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Zeolyst's Opal Infinity™ portfolio of zeolites leverage Zeolyst
International’s proprietary Zeolite know-how and its ability to
customize differentiated solutions for customer-specific
applications. Through the development of tailored solutions,
Zeolyst International’s technologies enable higher yields and
selectivity, supporting the production of value-adding products.
The unique characteristics of Zeolyst International’s broad
technology offering are highly compatible with Valoregen's
cutting-edge technology portfolio. Through this collaborative
effort, the companies will aim to enhance the overall efficiency
and economic attractiveness of Valoregen’s advanced plastic
recycling processes, a key enabler for plastic circularity around
the world.
“We believe that partnership and close collaboration with our
customers is essential in the development of value-enhancing
technologies. We have an exceptional opportunity to help our
customers meet the evolving clean energy and plastic circularity
needs of the global economy,” said Lucy Innes, Vice President of
Sales and Marketing for Zeolyst International. “Our joint work with
Valoregen is extremely exciting and we look forward to
demonstrating the value of our Zeolite technology in their advanced
plastic recycling process.”
"Valoregen, with its unique patent-protected R-LowGen
technology, aims to become the world's leading carbon-neutral
recycler of flexible plastics. Our disruptive technology is based
on the principle of isothermal conversion using catalysts. The
catalyst used is an integral part of our unique recycling process,
and the partnership with Zeolyst International, a major supplier in
this field, will offer our company significant opportunities to
improve performance and economic efficiency. We are very pleased
with this collaboration, which will enable us to move forward
quickly on plastics circularity” said Thierry Perez, Founder and
President of Valoregen
About Ecovyst Inc.
Ecovyst Inc. and subsidiaries is a leading integrated and
innovative global provider of specialty catalysts and services. We
support customers globally through our strategically located
network of manufacturing facilities. We believe that our products,
which are predominantly inorganic, and services contribute to
improving the sustainability of the environment.
We have two uniquely positioned specialty businesses:
Ecoservices provides sulfuric acid recycling to the North
American refining industry for the production of alkylate and
provides on-purpose virgin sulfuric acid for water treatment,
mining, and industrial applications; and Catalyst
Technologies provides finished silica catalysts and catalyst
supports necessary to produce high strength and high stiffness
plastics and, through its Zeolyst joint venture (a 50/50 joint
venture between Ecovyst Inc. (NYSE: ECVT) and Shell Catalysts &
Technologies), supplies zeolites used to manufacture catalysts used
across applications including petrochemical refining, sustainable
fuel production, emission control systems and plastic circularity.
For more information, see our website at
https://www.ecovyst.com.
About Valoregen
Valoregen is a French company. Convinced that we must act
quickly in respect of future generations, we are committed to
developing concrete, agile and contributory solutions for the
circular economy of plastics. We believe in taking a holistic
approach, rethinking the way we design, use, and recycle plastic
packaging. By investing in research and development, we offer
innovative industrial solutions that promote the responsible use of
resources and minimise our carbon footprint. Valoregen located in
Damazan, France will have an initial production capacity of 28
mt/year. Production is expected to start in 2023. This project,
with an investment of around €17 million will eventually create
locally 45 direct and 20 indirect jobs. For more information,
please visit Valoregen.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230719766860/en/
Ecovyst Investors: Gene Shiels (484) 617 1225
gene.shiels@ecovyst.com
Valoregen: Hugues ROGER +33 6 77 23 40 15
hugues.roger@valoregen.com Source: Ecovyst Inc.
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