Plastics Recycling: TotalEnergies Becomes the Sole Owner of the Grandpuits Advanced Plastics Recycling Plant
TotalEnergies acquired Plastic Energy's 35% interest in the Grandpuits advanced recycling plant, moving from a 65% stake to full ownership as part of a restructuring of Plastic Energy's shareholding. The Seine-et-Marne plant started production in March 2026 and can process 15,000 tons of plastic waste per year, using pyrolysis to convert hard-to-recycle household plastic into synthetic oil for circular petrochemical feedstock.
Key figures
- Acquired stake
- 35%
- Prior ownership
- 65%
- Production start
- March 2026
- Resulting ownership
- 100%
- Plant capacity tons per year
- 15000
AI analysis
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