Circular Economy Repsol, Tecnicas Reunidas to Develop Decarbonization Technologies
Repsol and Tecnicas Reunidas have entered into a strategic agreement to develop new industrial decarbonization technologies in order to produce sustainable biofuels and bio-based polymers from agricultural and agri-food waste.
Madrid/Spain – Repsol and Tecnicas Reunidas, the engineering company specialized in the design and execution of projects in the energy sector, have signed an alliance to develop proprietary technology and scale up processes to help transform the industry and advance its decarbonization.
Both companies will co-develop technology to produce sustainable biofuels and bio-based polymers from agricultural and agri-food waste. Through this project, Repsol and Tecnicas Reunidas will also promote job creation and wealth generation in rural areas at risk of depopulation.
Repsol and Tecnicas Reunidas will also develop a new process for the production of circular materials from used plastics, which will be tested in one of Repsol's industrial complexes. The energy company already includes a wide variety of 100 % circular polyolefins with a lower carbon footprint in its Repsol Reciclex range, with a certified sustainable origin.
Repsol and Tecnicas Reunidas will also develop a new process for the production of circular materials from used plastics.
Another project to be carried out jointly by the two companies involves optimizing the energy efficiency of industrial complexes through the recovery of residual heat. The technology will be implemented first at the A Coruña Industrial Complex, as part of the global efficiency improvement plan that Repsol is already employing to transform its industrial centers into multi-energy hubs with zero net emissions, with an investment of around 473 million dollars until 2025.
Finally, within the framework of this agreement and at an important time for the revitalization of industry, the two companies will make their knowledge, R&D resources, and experience in industrial transformation available to other companies in the sector through consultancy services aimed especially at SMEs, to advance the energy transition throughout the industrial value chain.