TotalEnergies has agreed to acquire Plastic Energy's 35% interest in the Grandpuits advanced plastics recycling plant, giving it sole ownership of the facility in which it already held a 65% stake. The move follows the restructuring of Plastic Energy's shareholding. Located in Seine-et-Marne, the plant began production in March 2026 and has an annual capacity to process 15,000 tons of plastic waste. It converts hard-to-recycle plastic waste from French households, including material collected in yellow recycling bins that would otherwise go to landfill or incineration, into synthetic oil through a pyrolysis process, producing circular petrochemical feedstock that can substitute for fossil feedstocks. In 2023, TotalEnergies signed an agreement with French partners Citeo and Paprec to secure the plant's long-term supply of plastic waste.
TotalEnergies SETotalEnergies acquires Plastic Energy's 35% stake to take sole ownership of the Grandpuits advanced plastics recycling plant.
Plastic Energy sells its 35% interest in the Grandpuits plant amid a restructuring of its shareholding.
