TotalEnergies takes full recycling plant ownership
- TotalEnergies (NYSE:TTE) acquired the remaining 35% stake in the Grandpuits advanced recycling plant.
- The company now owns 100% of the facility, which processes 15,000 tons of plastic waste annually.
- The plant converts hard-to-recycle plastic waste into synthetic oil for recycled plastic production.
TotalEnergies (NYSE:TTE) acquired a 35% interest in the Grandpuits advanced plastics recycling plant, giving the company full ownership of the facility in Seine-et-Marne, France.
The acquisition followed a restructuring of Plastic Energy’s shareholding and increases TotalEnergies’ ownership from 65% to 100% of the recycling plant.
The plant began production in March 2026 and has annual capacity to process 15,000 tons of plastic waste collected from French households, including material from yellow recycling bins.
The Grandpuits facility uses a pyrolysis process that heats plastic waste in an oxygen-free environment to produce synthetic oil used as a petrochemical feedstock.
TotalEnergies said the recycled plastics produced from the synthetic oil can meet requirements for applications including food contact and medical uses, with long-term waste supply agreements in place with Citeo and Paprec.
