Total acquires Iber Resinas. TotalEnergies has acquired Iber Resinas, a Spain-based company that focuses on mechanical plastic recycling.
Total aims to expand its production of circular polymers in Europe and diversifying its recycled product offerings.
By bringing together its expertise in polymers and Iber Resinas’s know-how in recycling, TotalEnergies hopes to develop high-quality, sustainable products.
The acquisition is a significant step towards TotalEnergies’ goal of increasing the use of circular polymers in its plastics production to 30% by 2030 and promoting a circular economy for plastics.