Abundia Bets Big on Plastic Waste with New Texas Recycling Megaplant

HOUSTON, TX – December 09, 2025 – In a move signaling a significant strategic shift within the energy sector, Abundia Global Impact Group, Inc. has officially advanced its plans to construct a large-scale advanced plastics recycling facility in Baytown, Texas. The company announced it has given site notification to its technology partner, Alterra Energy, greenlighting the design process for a plant that will utilize Alterra's proprietary liquefaction technology. This development at Abundia's newly acquired Cedar Port Innovation Center marks a critical milestone in the company's ambitious transformation from a traditional energy player into a producer of sustainable fuels and chemical feedstocks.

The project aims to tackle the persistent challenge of plastic waste by converting discarded, hard-to-recycle materials into high-value liquid products. For a region dominated by traditional petrochemical infrastructure, this venture represents a tangible step toward building a circular economy, embedding a next-generation waste-to-value solution directly within the heart of America's energy hub.

From Black Gold to Green Feedstocks: Abundia's Strategic Metamorphosis

Abundia's current trajectory is a stark departure from its past. Until recently, the company was known as Houston American Energy Corp. (NYSE American: HUSA), a name synonymous with conventional oil and gas exploration. The rebranding to Abundia Global Impact Group (NYSE American: AGIG) is more than a name change; it represents a fundamental pivot in corporate strategy. The company is wagering its future on the burgeoning low-carbon economy, aiming to convert waste streams like plastics and biomass into commercially viable drop-in fuels and chemical feedstocks.

This transformation has not been without its financial headwinds. Market data indicates the company faces challenges, with its stock value under pressure and short-term obligations weighing against liquid assets. However, this high-stakes pivot is precisely what makes the partnership with Alterra so crucial. It is the cornerstone of Abundia's new identity and its primary vehicle for generating future value. "We have made significant strides in the transformation of our business with a view to becoming one of the largest producers of sustainable fuels and energy transition technologies," stated Ed Gillespie, Chief Executive Officer of Abundia. "Advancing our licensing agreement with Alterra is a critical next step for the Company."

By moving from a licensing agreement to the tangible design phase, Abundia is signaling to investors and the industry that its transformation is progressing from concept to execution. This commitment to building its first commercial plant is a calculated risk, one that could position it as a first-mover at scale in the Gulf Coast's circular economy.

The Engine of Circularity: Alterra's Liquefaction Platform

At the core of the Baytown project is Alterra Energy's advanced thermochemical liquefaction technology. Developed over 15 years, the process is designed to break down a wide range of post-consumer plastics—including mixed and multi-layered materials that confound conventional mechanical recycling—back into a liquid hydrocarbon product akin to crude oil. This pyrolysis oil can then be used as a feedstock to create new plastics, chemicals, and low-carbon fuels.

What sets Alterra's technology apart is its fully continuous, catalyst-free reactor. The company has proven the platform's robustness at its full-scale commercial facility in Akron, Ohio, which has a nameplate capacity of processing 60 tons of waste plastic per day. This plant has not only demonstrated high liquid yields and stable product quality but has also attracted powerful strategic partners, lending significant credibility to the technology's scalability. Industry giants like Neste, a global leader in renewable fuels, have already processed thousands of tons of Alterra's plastic-derived oil. Further investment and partnerships with LyondellBasell, Chevron Phillips Chemical, and Technip Energies underscore a broad industry consensus on the technology's potential.

"Abundia's confidence in our renewables focused technology and its vision for advancing circular solutions is a major step forward in 'Solving Plastic Pollution®'," said Fred Schmuck, Chief Executive Officer of Alterra. This partnership allows Alterra to deploy its globally recognized technology on a larger stage, leveraging Abundia's ambition to build and operate at industrial scale.

A Strategic Hub on the Houston Ship Channel

The choice of location for Abundia's flagship project is as strategic as the technology itself. The 25-acre site within the TGS Cedar Port Industrial Park in Baytown places the facility at the nexus of the Gulf Coast's vast energy and chemical infrastructure. As the largest rail-and-barge-served industrial park in the United States, Cedar Port offers unparalleled logistical advantages.

The site provides direct access to dual-service rail lines, barge terminals, and a heavy haul corridor adjacent to the Houston Ship Channel. This infrastructure is critical for both securing feedstock—the region handles an estimated 5 billion pounds of plastic resin annually—and transporting finished liquid products to upgrading partners and end markets. Furthermore, its proximity to major pipeline networks and the Mont Belvieu natural gas liquids hub creates unique efficiencies for integrating into the existing industrial ecosystem.

By establishing its Innovation Center and first commercial plant here, Abundia is not just building a recycling facility; it is creating a platform to validate and deploy new technologies within a rich ecosystem of potential partners, suppliers, and customers. This strategic positioning mitigates logistical risks and maximizes the project's potential to interface directly with the very industries it aims to supply with sustainable feedstocks.

Navigating a Crowded and Critical Market

The move into advanced recycling places Abundia and Alterra in a rapidly growing but intensely competitive market. The global chemical recycling sector is projected to expand dramatically, driven by corporate sustainability pledges, tightening regulations, and the sheer scale of the plastic waste crisis. Major players like BASF, Agilyx, and Eastman are already making significant investments, creating a high barrier to entry.

The primary challenges for the industry remain high capital costs and the energy-intensive nature of pyrolysis processes. Economic viability often hinges on achieving massive scale and securing long-term feedstock supplies and off-take agreements for the resulting products. Alterra’s established partnerships provide a de-risking factor, demonstrating a ready market for its liquid intermediate.

Abundia's strategy appears to be a direct response to these challenges. By securing a large, strategically located site and licensing a commercially validated technology, the company is positioning itself to compete on scale and efficiency. The success of the Cedar Port facility could serve as a powerful proof-of-concept, demonstrating a profitable pathway for converting regional plastic waste into a secure, domestic source of valuable hydrocarbons. This would not only contribute to solving a major environmental problem but also enhance the resilience of the nation’s chemical supply chain by creating value from a previously discarded resource.