New Hope Energy

New Hope Energy is a US-based startup that converts plastic waste into fuel using chemical recycling methods.

The company makes use of patented heat exchange vessels that use heat to convert plastics into hydrocarbon products without combustion. 

The hydrocarbons are put through distillation to produce synthetic oil and synthetic paraffin. The process also produces synthetic asphalt. 

The company uses municipal, industrial, pre or post recycling plastics as feedstock. It accepts HDPE, LDPE, Polystyrene, and Polypropylene plastics in any color.

The company can work with plastics that cannot be grinded or recycled, such as extrudes, sheet plastic, post-recycled plastic, mixed types and post-product plastic drums. It also accepts unprocessed waste.

Other than paraffin and asphalt, the system produces low-sulfur and ASTM standard fuel oils such as Marine MGO, Bunker 2 and 4, Home Heating Oil, Fuel Oil 2, Fuel Oil 4, and Naptha.

The system does not accept PET, PVC or Number 7 plastics like nylon and polycarbonates.

The company also rejects plastics mixed with non-plastics, for example if they are glued to cardboard and paper. It is exploring ways to make solid replacement fuel products from such materials.

New Hope Energy aims to work with companies and municipalities to receive waste feedstock. It also accepts plastic that cannot be exported. It is also looking to work with circular economy consultants who have clients with post-industrial non-recyclable waste.

The company has partnerships with buyers of oil. It is looking to develop more facilities in locations where they are close to both feedstocks and buyers.

Since 2017 it has helped operate the Trinity Oaks recycling facility in Tyler, Texas, USA.

The company can also help equip other facilties classified under Texas HB 1953 as pyrolysis and gasification facilities.