TotalEnergies announces that it has acquired Spain-based Iber Resinas, an actor in the mechanical recycling of plastics for sustainable applications. With this transaction, TotalEnergies will increase its production of circular polymers in Europe, extend its range of recycled products, and enhance its access to feedstock through Iber Resinas’s network of suppliers.|
Iber Resinas recycles plastics (polypropylene, polyethylene, and polystyrene) derived from household and industrial waste in its two plants near Valencia, Spain. The company also has a large network of direct customers to whom it sells its products for the manufacture of automotive parts, packaging, or building materials.
“This acquisition is a further step towards achieving our ambition of increasing the share of circular polymers in our plastics production to 30 percent by 2030”, said Nathalie Brunelle, Senior Vice President Polymers, Refining & Chemicals, at TotalEnergies.
TotalEnergies, Paris, France