The Spanish chemical supplier Repsol SA has signed a memorandum of understanding with two waste recovery players to investigate the use of end-of-life vehicle polymers.

The company announced on April 26 that, as part of its Reciclex circular economy project, it will collaborate with the Spanish plastic recycling company ACTECO and with the Autodesguaces El Choque vehicle treatment plant at the end of their useful life.

The Reciclex project focuses on the commercialization of polyolefins that incorporate a percentage of recycled materials.

With the agreement, Repsol will have a supply of “homogeneous materials” that it will require to promote its Reciclex project.

“With this project, all the partners aim to create a circular economy model, to recover polymers from cars that have reached the end of their useful life,” said the Repsol statement.

The materials will be incorporated as raw materials in Repsol’s polymers.

The polymers will be marketed for new applications, including Repsol’s range of polymers for the automotive industry.

“This initiative aims at a closed-loop economy for plastic waste, transforming it into resources that will return as raw material for the production cycle,” said the Madrid-based chemical manufacturer.