Source: Recycling Today
Repsol and Acteco have been working together since 2018, but the two companies say because of a new agreement, Repsol will benefit from Acteco’s more than 25 years of experience in the collection, processing, and mechanical recycling of plastics. Additionally, it will contribute to the achievement of the objective, announced by Repsol at the end of 2019, to become a net zero emissions company by 2050.
Thanks to this agreement, we will provide a solution for the large number of plastic products that currently cannot be recycled, thus offering circular models to sectors where plastic is an essential material for the development of the products.Jorge Ramis, Managing Director, Acteco
Repsol says it intends to recycle the equivalent of 20 percent of its polyolefin production by 2030. “This new agreement reinforces the partnership and consolidates the commitment of both companies to the recycling of high quality polyethylene (PE) and polypropylene (PP) from household and industrial plastic scrap,” states Repsol.
This is a strategic alliance that allows us to collaborate in boosting the circular economy and solutions for decarbonization, to reach our commitments regarding recycled plastics and offer our customers a complete range of high quality circular polyolefins that will allow them to increase the amount of recycled materials in their products.José Luis Bernal, Executive Director, Repsol Chemicals