REG-TotalEnergies SE Plastic Recycling: TotalEnergies Expands Activities in Europe by Acquiring Iber Resinas

TotalEnergies SEAnnouncement

09/05/2023 07:30

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Plastic Recycling: TotalEnergies Expands Activities in Europe by Acquiring
Iber Resinas

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that it has acquired
Spain-based Iber Resinas, an actor in the mechanical recycling of plastics for
sustainable applications. With this transaction, TotalEnergies will increase
its production of circular polymers in Europe, extend its range of recycled
products, and enhance its access to feedstock through Iber Resinas’s network
of suppliers.

Combining Recycling Know-How and Polymers Expertise

Iber Resinas recycles plastics (polypropylene, polyethylene, and polystyrene)
derived from household and industrial waste in its two plants near Valencia,
Spain. The company also 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 will leverage synergies with TotalEnergies’ operations to
develop quality products and will benefit from the Company’s ability to
accelerate its growth.

“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,” said Nathalie Brunelle, Senior Vice President Polymers, Refining
& Chemicals, at TotalEnergies. “We are pleased to welcome Iber
Resinas’ teams and combine their recycling know-how with TotalEnergies’
polymers expertise.”

“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,” said
Santiago Sanz and Borja Sanz, owners and managing directors of Iber Resinas.

Developing a Circular Economy for Plastics

By reducing the weight of many end-use applications, plastics improve their
energy efficiency and reduce their carbon footprint. Moreover, producing them
from recycled materials contributes to meeting the challenge of managing their
end-of-life. Committed to promoting the circular economy in the use of
plastics, TotalEnergies is working on all types of recycling:


 * In mechanical recycling, its subsidiary Synova is the French leader in the
production of recycled polypropylene for sustainable applications for the
automotive and construction industry, with a capacity of 45,000 tons at the
end of 2022. In 2022, the Company also announced the construction of a new
hybrid production line of 15,000-ton high-performance recycled polypropylene
for automotive applications at its Carling – Saint-Avold platform in
northeastern France.

 * In advanced recycling, TotalEnergies announced in September 2020 the
construction of one of France's first advanced recycling plants at its
Grandpuits zero-crude platform southeast of Paris, in partnership with Plastic
Energy. In 2022, TotalEnergies signed additional offtake agreements with
Plastic Energy and Honeywell for pyrolysis oil to pursue its development in
advanced recycling in Europe and the U.S.

 * In bioplastics, TotalEnergies is also a world leader through its joint venture
with Corbion, which operates a plant in Thailand producing 75,000 tons per
year of polylactic acid (PLA), a 100% bio-based, recyclable, and biodegradable
bioplastic.

Furthermore, TotalEnergies is a founding member of the Alliance to End Plastic
Waste, which brings together around ninety companies, project partners, and
supporters committed to implementing solutions to eliminate plastic waste in
the environment, particularly in the oceans.

***

About TotalEnergies and Polymers

TotalEnergies develops, produces, and sells polymers – polyethylene,
polypropylene, polystyrene, their recycled equivalents and biopolymers –
that can be incorporated in the plastics manufacturing process. Lighter than
many alternative materials, they help reduce the carbon footprint of end-use
applications through enhanced energy efficiency. TotalEnergies’ polymers
experts in Europe, Asia and the United States are working alongside all the
professionals in the value chain, including plastic manufacturers, research
centers, waste collection and sorting companies, and their customers to
accelerate the emergence of a circular economy. The Company is developing
different plastic recycling processes and using renewable raw materials, with
the ambition to produce 30% circular polymers by 2030.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as many people
as possible. Active in more than 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

TotalEnergies Contacts 

Communication department Polymers: pol-com@totalenergies.com 
(mailto:pol-com@totalenergies.com) 
Corporate Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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