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TotalEnergies Extends Operations in Europe Following Iber Resinas Acquisition

TotalEnergies declared the news about its latest acquisition of Iber Resinas based in Spain. Iber Resinas is a plastic recycler that makes products for sustainable applications.

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By carrying out this deal, TotalEnergies will boost its manufacturing capacity for circular polymers in the European region, expand its recyclable product range, as well as improve the feedstock availability via a supplier network provided by Iber Resinas.

The Fusion Of Plastic Recycling And The Production Of Quality Products

Iber Resinas is a plastic recycler which recycles products like polyethylene, polypropylene, and polystyrene that are collected as industrial and household waste in the two facilities close to Valencia, Spain. The firm has a major network directly connecting consumers who purchase the products for the production of packaging, building materials, and automotive parts.

Both companies will form an alliance to produce quality products and will profit from the company's potential to boost expansion. The collaboration is a step in the right direction to meet their goal of increasing the circular polymer share in their plastic manufacture by 2030 by 30 percent.

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According to the Procurement Resource article, TotalEnergies has acquired Spain's plastic recycler, Iber Resinas, as a move to boost its manufacturing capacity for circular polymers and expand its footprint in Europe as a supplier of recyclable products. TotalEnergies is focused on mechanical recycling, advanced recycling, as well as in bioplastics to achieve sustainability goals and eliminate plastic usage.