Completion of key engineering milestone advances development of the Company's planned waste plastics-to-fuels and chemicals facility
HOUSTON, TX, July 28, 2026 (GLOBE NEWSWIRE) -- Abundia Global Impact Group, Inc. (NYSE American: AGIG) (“Abundia” or the “Company”), a low-carbon energy solutions company focused on converting biomass and plastics waste into high-value low-carbon fuels, today announces Alterra Energy (“Alterra”) delivered its process design package (PDP). The PDP establishes the site-specific engineering design basis for the deployment of Alterra's proprietary plastics liquefaction technology at Abundia's Cedar Port facility, providing the foundation for the next phase of engineering and project execution.
“This is another important milestone achieved on our way to completion of the engineering package. Alterra has delivered the PDP on schedule, which enables the Company to maintain momentum and advance this phase of the Front-End Engineering Design (FEED) to completion,” said Ed Gillespie, Abundia Chief Executive Officer. “The next steps in the technical package will be the expansion of the FEED by integrating Topsoe’s HydroFlex™ upgrading technology with Alterra’s technology into one seamless technology and engineering system."
Completion of the PDP marks an important milestone in advancing the FEED for Abundia's planned 80,000 tons-per-annum waste plastics-to-fuels-and-chemicals facility at Cedar Port in Baytown, Texas. In the next phase of engineering, Alterra's proprietary plastics liquefaction technology will integrate with Topsoe's HydroFlex™ upgrading technology into a single commercial design package. The integrated FEED program is being facilitated by Nexus PMG, as Owner's Engineer, and Burns & McDonnell, Abundia’s FEED Engineering partner, providing the engineering foundation for project execution, procurement, financing and ultimately, Final Investment Decision (FID).
"The completion of the Process Design Package represents a key development in our collaboration with Abundia as we make progress toward the deployment of our plastics recycling technology at commercial scale," said Fred Schmuck, CEO of Alterra. "We appreciate the strong partnership among all project stakeholders and look forward to supporting the next phase of engineering as we work together to transform discarded plastics into valuable resources."
About Abundia Global Impact Group, Inc.
Abundia Global Impact Group, Inc. (NYSE American: AGIG) is a low-carbon energy company focused on converting waste into value. Headquartered in Houston, Texas, we are developing commercial-scale facilities that transform waste plastics and biomass into drop-in renewable fuels and low-carbon chemical feedstocks. Our flagship project at Cedar Port positions Abundia at the center of the Gulf Coast’s energy and chemical infrastructure, with access to feedstock supply chains, upgrading partners, and end markets.
For more information, please visit www.abundiaimpact.com.
About Alterra Energy
Alterra is the developer, operator, and licensor of its thermochemical liquefaction process technology that renews discarded plastic back into its original building blocks, thus minimizing reliance on new, fossil-derived materials for the manufacturing of new plastic products. Our Akron, OH plastics circularity facility is the only full-scale, continuous plant of its kind. Through the global deployment of our technology, we are Solving Plastic Pollution®. Read more: https://alterra360.com/.
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