MEG is traditionally produced using fossil-based feedstock to make various types of polyesters for packaging materials, such as plastic bottles, and in clothing apparel. With this acquisition, Technip Energies intends to offer a bio-based polyester solution by replacing fossil-based feedstock. By using a bio-sourced monomer, the Bio-2-Glycols technology allows for polyesters to be produced with lower carbon footprints and less environmental impact.
Technip Energies and Shell Catalysts & Technologies have signed a technology transfer agreement to commercialise Technip’s Bio-2-Glycols.
This innovative technology enables the production of polyesters with lower carbon footprints.
The combined expertise of both companies aims to offer an optimised and sustainable bio-MEG solution by 2025.
This technology transfer agreement allows to combine Shell’s research and development results with Technip Energies’ bio-MEG technology, to offer a more efficient, bio-based MEG technology to the market. The new combined technology will be commercialized under the Bio-2-Glycols trademark.
Wei Cai, chief technology officer, of Technip Energies commented: “We are pleased to have completed this agreement which allows us to propose an optimized, combined solution to make bio-MEG, a common feedstock for various everyday life applications. We are confident about rapidly commercializing our Bio-2-Glycols technology. Our objective is to offer this technology in 2025 which will contribute significantly to the net zero challenge.”
Elise H. Nowee, president of Shell Catalysts & Technologies commented: “We’re excited to announce this agreement with Technip Energies, combining our respective technologies to enhance and accelerate the commercialization of Bio-2-Glycols. By integrating Technip Energies’ expertise with our own development work on Bio-2-Glycols, we’re poised to expedite the deployment of sustainable alternatives to fossil-based feedstocks, driving innovation, and together, paving a way for a more efficient and sustainable solution in this area.”
Note: The content of this press release has not been edited by Fibre2Fashion staff.
Fibre2Fashion News Desk (HU)