# TotalEnergies acquires Iber Resinas to expand plastic recycling in Europe

TotalEnergies acquired Spain-based Iber Resinas, a mechanical recycler of plastics, to increase its production of circular polymers in Europe. Iber Resinas operates two plants near Valencia, Spain.

- Type: Acquisition
- Announced: 2023-05-09
- Where: Valencia, Spain, Spain
- Status: completed
- Products: recycled polypropylene, recycled polyethylene, recycled polystyrene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [TotalEnergies](https://endata.com/companies/9252.md) (acquirer)
- [Iber Resinas](https://endata.com/companies/70160.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/879764/000110465923066759/tm2317134d1_ex99-4.htm), 2023-05-09: "This acquisition is a further step towards achieving our ambition of increasing the share of circular polymers in our plastics production to 30% by 2030."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.