{
  "id": 6728660,
  "title": "TotalEnergies acquires full ownership of Grandpuits recycling plant",
  "url": "https://urgent.news/2026/09/11/totalenergies-acquires-full-ownership-of-grandpuits-recycling-plant",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:22:37.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/totalenergies-acquires-full-ownership-of-grandpuits-recycling-plant-93CH-4897366"
  },
  "original_language": "en",
  "account": "TotalEnergies recently completed the acquisition of the remaining 35% stake in the Grandpuits advanced plastics recycling plant from Plastic Energy, making the company the sole owner of the facility. The Grandpuits plant, located in Seine-et-Marne, France, was previously held by TotalEnergies with a 65% stake. The acquisition comes after Plastic Energy underwent a restructuring of its shareholding. The Grandpuits facility started operations in March 2026 and boasts an annual capacity to process 15,000 tons of plastic waste. Utilizing pyrolysis technology, the plant transforms hard-to-recycle plastic waste collected from French households into synthetic oil by heating it to high temperatures without oxygen. The collected waste, which would typically end up in landfills or incinerators, is sent to the facility for processing. The synthetic oil produced at the plant serves as a circular petrochemical feedstock, replacing fossil feedstocks in the manufacturing of recycled plastics. TotalEnergies has confirmed that the recycled plastics meet quality standards equivalent to virgin plastics and are suitable for food contact and medical applications. In 2023, the company signed an agreement with Citeo and Paprec to ensure a long-term supply of plastic waste for the plant's operations.",
  "summary": null,
  "key_points": [
    "TotalEnergies acquires full ownership of Grandpuits recycling plant.",
    "Grandpuits plant processes 15,000 tons of plastic waste annually.",
    "Recycled plastics meet quality standards equivalent to virgin plastics."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}