Repsol has adhered to the "Circular Plastics Alliance", an initiative launched by the European Commission on December 11, 2018, which aims to increase the volume of recycled plastic in the EU market to 10 million metric tons in 2025 compared to the 3.8 million metric tons registered in 2016.
Repsol presented its Reciclex project as a specific commitment in the CPA. With this project, the company aims to address the shortage of recycled material with the consistent quality required by the market. This limitation is one of the identified barriers to increase the use of recycled plastic materials. With this project, Repsol intends to reach new markets and more technically demanding final applications, where recycling has hardly penetrated yet. To do so, Repsol aims to develop new polymers that incorporate recycled material while ensuring consistency in quality and functionality.
Additionally, Repsol has an undergoing initiative to incorporate recycled material in their 25 kg multilayer industrial bags used to transport pellets, which will directly increase the demand for recycled plastics.
Repsol is a global company, present along the entire energy value chain. It employs over 25,000 people and sells its products in more than 90 countries, reaching 10 million customers. It operates low-emission power generation assets and is developing renewable photovoltaic and offshore wind projects. The company is a pioneer in the development of mobility initiatives that contribute to innovative solutions and energies for transport.
Repsol produces some 700,000 barrels of oil equivalent per day and has one of Europe's most efficient refining systems.
Repsol manufactures and markets a wide variety of chemical products, ranging from basic petrochemicals to derivatives. In addition, the company has three large petrochemical facilities in Europe where high added-value differentiated products are developed.