Both companies are expected to sign a definitive agreement that includes building a waste plastic to renewable chemicals and renewable fuels plant in Corpus Christi, TX.
Encina Development Group (Encina) and Flint Hills Resources, a Koch Industries company, have signed a non-binding term sheet to produce renewable chemicals and renewable fuels from waste plastic.
Under the term sheet, both companies are expected to sign a definitive agreement that includes building a waste plastic to renewable chemicals and renewable fuels plant in Corpus Christi, TX.
Flint Hills Resources will market the renewable aromatic products produced at the Encina Corpus Christi facility as well as work with its affiliates to market renewable aromatic products from other Encina U.S.-based plants.
“Our work with Encina is an exciting addition to our growing portfolio of renewable product and technology investments,” said Francis Murphy, Flint Hills Resources’ Senior Vice President, Chemicals. “Renewable aromatics and bioplastics are playing an increasingly import role in the product value chain and reducing environmental impacts while still delivering on all the various products that make modern life possible.”
“Flint Hills Resources is an excellent partner for Encina,” stated David Schwedel, Executive Director, Encina. “They have deep domain industry expertise, and an aligned focus on delivering highly-valued and sustainable products to the marketplace.”
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