We take another step forward in our commitment to the circular economy as the cornerstone of our transformation to become a company with net zero emissions by 2050.
We will install a new recycled plastics production line (Repsol Reciclex® range) with a capacity to manufacture 25,000 tons per year at our 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 will entail an investment of €26 million. The products to be manufactured will be transformed into rigid and flexible packaging for non-food use, such as cleaning product containers or product packaging bags. Specifically, it will process high and low-density polyethylene (HDPE and LDPE) with a recycled plastic content of 10% and 80%. In this way, we will be able to manufacture HDPE with recycled content also in our Puertollano complex, reinforcing our commercial commitment to offering new circular solutions.
This investment is in line with recent European and Spanish regulations, which aim to achieve the achieve the 30% recycled content target for plastic packaging 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 production line for polyolefins with recycled plastic content, we will start up in Puertollano, the first polyurethane foam recovery plant this year in Spain and the Iberian Peninsula.
The circular economy is a key pillar in our transformation roadmap to meet our goal of recycling the equivalent of 20% of our polyolefin production by 2030, reaching a production of 100,000 tons per year.