Observed Signal · Sep 11, 2026 · M&A - Completed · Source: TotalEnergies · Impact: 4/5
TotalEnergies devient propriétaire à 100 % de l'usine de recyclage chimique de plastiques de Grandpuits
On 11 September 2026, TotalEnergies announced that it has agreed to acquire Plastic Energy's 35% stake in the Grandpuits chemical plastic recycling plant from the company's new shareholder, making TotalEnergies the 100% owner. The plant, located in Seine-et-Marne, France, started operations in March 2026 and has a treatment capacity of 15,000 tonnes of plastic waste per year. It converts hard-to-recycle French plastics, such as yellow-bin waste, into synthetic oil via pyrolysis, which is then used to produce recycled plastics suitable for food and medical applications.
This move consolidates TotalEnergies' full control over one of France's first commercial plastic chemical recycling plants, strengthening its position in the circular economy and securing a strategic feedstock advantage in petrochemical recycling.
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Key Takeaways & Evidence Grounding
- TotalEnergies agreed on 11 September 2026 to buy Plastic Energy's 35% stake in the Grandpuits chemical recycling plant from Plastic Energy's new shareholder, making TotalEnergies the 100% owner.
- The Grandpuits plant in Seine-et-Marne, France, started operations in March 2026.
- The plant has a capacity of 15,000 tonnes per year for treating plastic waste.
- The plant uses pyrolysis to convert non-mechanically recyclable French plastic waste into synthetic oil for petrochemical feedstock.
- TotalEnergies signed an agreement in 2023 with Citeo and Paprec to secure long-term plastic waste supply for the unit.
- The recycled plastics produced are of equivalent quality to virgin plastics and are compatible with food and medical uses.
Connected Companies & Entities
“TotalEnergies, a global multi-energy company, became the 100% owner of the Grandpuits chemical plastic recycling plant by agreeing to buy Pl...”
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