New Hope Energy

New Hope Energy is a company that uses pyrolysis technology to transform end-of-life plastics into valuable circular products. The company emphasizes advanced recycling to handle plastics that mechanical recycling cannot process, such as contaminated materials, mixed plastic streams, multi-layer film, and bulky rigids. It has demonstrated successful plant operations from 2019 through 2024 and developed its technology in partnership with Lummus Technology. The company's system converts 95% of waste plastic into Py-oil, Cracked Gas, and Pitch, and it focuses on co-locating its technology with existing heavy industrial sites to reduce capital expenditure.

New Hope Energy has been operating a successful demonstration plant from 2019 through 2024, proving its technology works at scale. The technology was developed in strategic partnership with Lummus Technology, a global leader in scaling chemical processes. The company's system converts 95% of waste plastic into Py-oil, Cracked Gas, and Pitch. New Hope Energy is working to integrate its technology into existing heavy industrial sites with oil and gas infrastructure, which can reduce capital expenditure by up to 50%.

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