TotalEnergies takes full control of Grandpuits plastics recycling plant

TotalEnergies has bought Plastic Energy's 35% stake in the Grandpuits chemical recycling plant near Paris, becoming sole owner. The facility processes up to 15,000 tonnes a year of hard-to-recycle plastic waste. No deal value was disclosed.

Why this mattersFull ownership gives TotalEnergies direct control of a chemical-recycling feedstock source as recycled-content mandates under PPWR increase demand for such material.

• TotalEnergies acquired Plastic Energy's 35% stake in the Grandpuits facility
• The plant is located outside Paris, France
• Annual processing capacity is 15,000 tonnes of difficult-to-recycle plastic waste
• TotalEnergies now holds 100% of the plant
• Deal value was not disclosed

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