TotalEnergies

TotalEnergies takes full ownership of TEPEAR chemical recycling plant

Plastic Energy has transferred its stake in the TotalEnergies Plastic Energy Advanced Recycling (TEPEAR) facility in Grandpuits, France, giving TotalEnergies full ownership. The plant will keep operating at industrial scale using Plastic Energy's proprietary TAC pyrolysis technology, with the divestment forming part of Plastic Energy's restructuring under returning CEO Carlos Monreal to focus on its Spanish plants and partnerships.

Why this mattersConsolidation of chemical recycling assets under oil majors signals technology licensors retreating from capital-heavy plant ownership toward asset-light licensing models.

• Plastic Energy transferred its stake in the TEPEAR facility in Grandpuits, France, to TotalEnergies.
• TotalEnergies now holds full ownership of TEPEAR.
• The plant continues to use Plastic Energy's proprietary TAC chemical recycling technology.
• Carlos Monreal, Plastic Energy founder, has returned as CEO and is leading a restructuring around core operations.
• Plastic Energy will continue operating chemical recycling plants in Almeria and Seville, Spain.
• Plastic Energy produced its first batch of pyrolysis oil, Tacoil, last year at a joint venture facility with Sabic.

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