Circular Economy Repsol to Invest 26 Million Euros for New Recycled Plastics Production Line
Repsol has made the hefty investment for a new recycled plastics production line at its Puertollano Industrial Complex in Spain. The new unit is expected to almost double the current capacity of 16,000 tons per year to 25,000 tons per year.
Madrid/Spain – Repsol will install a new recycled plastics production line (Reciclex range) with a capacity to manufacture 25,000 tons per year at its Puertollano Industrial Complex, making this center a benchmark for the circular economy in the Iberian Peninsula.
The new unit, which will come into operation at the end of 2024, will almost double the current capacity (16,000 tons/year) and generate 200 direct, indirect and induced jobs throughout the different phases of construction, start-up and operation.
With an investment of 26 million euros, it will manufacture plastics used to produce rigid and flexible packaging for non-food use, such as cleaning product containers or product packaging sacks. Specifically, it will process high and low-density polyethylene (HDPE and LDPE) with a recycled plastic content of 10 % and 80 %.
This investment is in line with recent European and Spanish regulations, which aim to achieve the recycled content target for plastics packaging of 30 % by 2030.
The Puertollano Industrial Complex thus advances in its transformation process, becoming a reference center in the recycling and recovery of plastic materials, to respond in a sustainable way to the new demands of society by generating high added-value products with a lower carbon footprint.
In addition to the new recycled plastic production line, Puertollano will -start up - the first polyurethane foam recovery plant this year in Spain and the Iberian Peninsula.