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Circular Economy

Towards a Circular Economy

This new production and consumption model is based on "closing the loop" of product and service lifecycles by taking a comprehensive approach to managing natural resources, processes, and waste generated by our operations.

Our Sustainability Model is based on a Circular Economy to make a greater contribution to society with efficiency and transparency criteria and having the lowest impact possible.

In 2016, we defined our Circular Economy strategy, which was approved by our company's CEO, and created a specific work group. This team works on the Circular Economy business and regulations. It analyzes the impact sources (products, processes, and services) and the areas for action (water, energy, and resources: raw materials and waste) of the new model. It also establishes the circular drivers and roles of all of the units involved in our company units to design an action plan.

We have signed the Spanish Pact on Circular Economy, in which the Spanish government partakes along with other Ibex companies, foundations, associations, companies from different sectors, and individuals who seek to involve the key social and economic players in Spain in the transition towards a new economic model.

The objectives we defined as part of the Circular Economy strategy are: operating efficiency, reducing our environmental impact, anticipating regulatory challenges, and seeking competitive alternative sources.

  • Circular Economy Areas at Repsol

100% recyclable asphalts, one of our circular projects

In collaboration with SACYR, we developed a technology that allows us to reuse 100% of aging road asphalt using a bituminous emulsion.

This project's major environmental benefits are as follow:

  • Reducing waste disposed to landfills and complying with the objectives set out in the Circular Economy package
  • Reducing CO2 emission (lower fossil raw materials)
  • Reducing our water footprint.
  • Reducing environmental discharge standards (leachate, etc.).

This initiative is part of the eco-design area of the Circular Economy framework.