Today (9 May) Frane-based multi-energy food company TotalEnergies announced that it has acquired Spain-based mechanical recycling of plastics for sustainable applications, Iber Resinas.
TotalEnergies says that the acquisition will increase its production of circular polymers in Europe, provide a wider range of recycled products and improve its access to feedstock through Iber Resinas’s network of suppliers. The move will also increase TotalEnergies’ ability to develop quality products while having the ability to help the growth of Iber Resinas.
The energy company says that Iber Resinas who recycle plastics (polypropylene, polythene and polystyrene) at its two plants near Valencia, Spain has a large network of direct customers to whom it sells its products for the manufacture of automotive parts, packaging, or building materials.
Iber Resinas Owners and managing directors , Santiago Sanz and Borja Sanz said:“Joining TotalEnergies is a great satisfaction, but also an opportunity to strengthen and develop Iber Resinas. It will allow us to jointly build on our work, knowledge and development in Spain and the EU in the polymer recycling sector and meet the new challenges and ambitions of our customers.
“We are pleased to welcome Iber Resinas’ teams and combine their recycling know-how with TotalEnergies’ polymers expertise.”
TotalEnergies said that it is committed to a circular economy for plastics and that by reducing the weight of many end-use applications, energy efficiency and a lower carbon footprint can be achieved. The company added that producing solutions from recycled materials contributes to meeting the challenge of managing their end-of-life.
TotalEnergies senior vice-president polymers, refining and chemicals Nathalie Brunelle said: “This acquisition is a further step towards achieving our ambition of increasing the share of circular polymers in our plastics production to 30% by 2030. “We are pleased to welcome Iber Resinas’ teams and combine their recycling know-how with TotalEnergies’ polymers expertise.”
In March 2023 Packaging Gateway reported that TotalEnergies had partnered with extrusion line manufacturer COLINES to create an unlaminated, recyclable stand-up pouch.
TotalEnergies Europe & Orient polymers vice-president Olivier Greiner said at the time: “This collaboration is in line with the recent developments to provide packaging solutions that are fully mechanically recyclable, with the end goal to bring more qualitative feedstock on the market.”