Acteco

Oct 13, 2022

10/13/2022 -    Repsol becomes a strategic shareholder of Acteco, the comprehensive waste management and recovery company, to ensure its access to plastic waste and promote the circular economy of its products. The multi-energy company acquires a 27% stake in Acteco, with whom it has collaborated since 2018. -    Repsol thus advances in its goal to promote the use of recycled materials -under its Repsol Reciclex range- and recycling the equivalent of 20% of its polyolefins production by 2030. -    This investment allows Acteco to face its plastic waste management and recycling growth plan. -    This operation aligns with Repsol's strategic commitment to the circular economy as the axis of its industrial complexes' transformation to manufacture products with a low, zero, or even negative carbon footprint and achieve zero emissions by 2050. Repsol takes a further step in its 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, Repsol ensures its access to quality plastic waste to continue developing circular economy tools that put new sustainable materials on the market under its Repsol Reciclex® range, thus satisfying a growing demand and the sustainability commitments acquired with its customers. Following Repsol's entry, Acteco will double its plastic recycling capacity in five years.