We take a further step in our strategic commitment to the circular economy, becoming a reference shareholder in the Spanish company Acteco, which specializes in the collection, management, recycling, and recovery of waste in Spain, after acquiring a 27% stake.
With this operation, we will ensure our access to quality plastic waste to continue developing circular economy tools that put new sustainable materials on the market under our Repsol Reciclex® range, thus satisfying a growing demand and the sustainability commitments acquired with our customers. Following Repsol's entry, Acteco will double its plastic recycling capacity in five years.
Repsol and Acteco have collaborated since 2018 to promote new circular economy models through the recovery of polymers after their useful life and their reincorporation into new high-added value products in sectors such as automotive, health, construction, and infrastructure or packaging. Furthermore, in 2020, both companies launched a joint project to increase the capacity of the recycled material production plant Acteco owns in Ibi, Alicante (Spain).
According to Jaime Martín Juez, Refining and Chemicals executive director at Repsol: "This new step in the collaboration between the two companies represents an essential boost to achieve Repsol's goal of recycling the equivalent of 20% of its polyolefins production by 2030."