Spanish energy and petrochemical company Repsol has announced an investment of EUR26m to start a new production line (Reciclex range) for recycled plastics at its Puertollano Industrial Complex in Spain, said the company.
Expected to start in Q4 2024, the new line will have the capacity to manufacture 25,000 tons of recycled plastic per year, which is almost double the current capacity of 16,000 tons.
According to the firm, the new recycled plastics production line will establish the Puertollano centre as a benchmark for the circular economy in the Iberian Peninsula. Repsol said that the new unit will generate 200 direct, indirect and induced jobs in the different phases of construction, start-up and operation.
The investment will help the firm manufacture plastics used to make rigid and flexible packaging for non-food use like cleaning product containers or product packaging sacks.
In particular, the new unit will process HDPE and LDPE materials with 10% and 80% recycled plastic content.
The investment is in line with current laws from Europe and Spain that aim to meet the recycled content goal for plastic packaging of 30% by 2030.
We remind, Repsol S.A. (Madrid, Spain), Naturgy and Reganosa are joining forces to develop a renewable hydrogen production center in Galicia, Spain. The project involves the installation of an electrolysis plant powered by 100% renewable energy on the grounds of the former Meirama thermal power plant in the municipality of Cerceda (A Coruna). With the promotion of this energy vector, the three companies reinforce their commitment to a fair energy transition.
mrchub.com