repsol announced this thursday access to shareholding Alicante company Actecoa Belonging to Erum Group collecting, managing and plastic recycling. Specifically, energy is a 27% stakeHe strengthened his commitment to this company, which he started to cooperate with in 2018.
This operation allows Acteco to continue to grow and double your recycling capacity As both companies point out, plastic in five years. The firm has Headquarters in Ibiza and also has Facilities in Valencia, A Coruña, Zaragoza and Algeciras. It closed the year with turnover last year 38.9 million €According to the accounts deposited in the Trade Registry representing 40% increase about the previous exercise. Profits exceeded €2.1 million, 72% more.
Repsol provides access to plastic waste to continue to thrive with this engagement. New Ingredients under the Repsol Reciclex range, which contains a high percentage of recycled products.
The multinational reminds us that to achieve net zero emissions by 2050, one of the company’s main axes of transformation is the circular economy. Within the scope of this philosophy, Repsol industrial complexes, low or zero carbon footprint, and can even be negative. Some examples are the production of renewable fuels from waste or 100% circular polymers used in the automotive, healthcare, construction or packaging industries.
Partnership
Both companies carry We cooperate since 2018 To promote the recovery of polymers after the end of their useful life and their reincorporation into new polymers high value added products in industries such as automotive, healthcare, construction and infrastructure or packaging.
In 2020, Repsol and Acteco started a joint project to increase the capacity of the recycled materials production facility that Acteco owns in Ibi. This new step in the collaboration between the two companies represents a fundamental boost to meet Repsol’s target of recycling the equivalent of 20% of polyolefin production by 2030.
Executive Director of Refining and Chemistry at Repsol, James Martin The judge stressed that the operation “is in line with our strategic commitment to the United States. decarbonization and the circular economy as key levers for achieving the goal of achieving net zero emissions by 2050.”
Acteco’s founding partners, Juan Manuel Erum Y George Ramisstated that it would contribute to the participation of the energy company as a shareholder. speed up activity “Repsol’s investment in Acteco’s capital city reinforces our leading position in the plastics recycling industry and building a circular economy,” insisted the company’s Alicante firm with new materials and new markets.
Acteco has been operating in plastic waste management and recycling activities for more than 25 years. Its main shareholder is Erum Group, which is the holding of the family of the same name. hanger manufacturers supplying chains from all over the world and Zara and the rest of the Inditex group, such as HM, C&A or El Corte Inglés.