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    REP   ES0173516115

REPSOL S.A.

(REP)
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Repsol S A : and RAMPF Eco Solutions Further Boost Recycling of Polyurethane

07/28/2021 | 03:01am EDT

Repsol to have the exclusivity throughout Europe to develop and construct recycled flexible polyol plants with RAMPF technology / Development of new polyols produced from different sources and qualities of post-consumer polyurethane waste.

Wixom, MIJuly 28, 2021 --(PR.com)-- AMPF Eco Solutions and Repsol have reached a mutual agreement that provides Repsol with exclusivity throughout Europe to develop and construct new recycled flexible polyol plants. The agreement specifically covers the analysis for the construction of new plants in Europe and the development of new polyols produced from different sources and qualities of post-consumer polyurethane waste.

This agreement makes it possible to unite the strengths of both companies in terms of recycling know-how and expertise and polyol´s production capabilities and engineering. Leveraging these synergies, the two companies will efficiently boost flexible foam recycling in terms of development and new sites construction.

This agreement follows Repsol’s announcement last March regarding the construction of the first polyurethane recycling plant in Spain to produce circular polyols from end-of-life mattresses that will be operational by the end of 2022. The plant will be capable of processing over 2,000 metric tons of post-consumer waste per year.

According to Antonio Portela, Intermediate BU Director at Repsol, “this agreement offers a new opportunity to show to the market Repsol’s commitment to the Circular Economy and its will to offer solutions to the stakeholders to support them in their strategies. And we are sure that we have the perfect partner for this venture.”

Marco Werth, Director of Sales & Marketing at RAMPF Eco Solutions – “We are very proud to be working together with such a renowned team of experts. Repsol’s commitment to reaching net zero emissions by 2050 is truly inspiring. Both companies share a strong dedication and enthusiasm for the circular economy, for which this cooperation is emblematic.” -Marco Werth, Director of Sales & Marketing at RAMPF Eco Solutions

This agreement proves Repsol’s aim for transforming its industrial complexes, turning them into multi-energy hubs capable of generating products with a low, zero, or even negative carbon footprint. Furthermore, it demonstrates Repsol’s ambition to close these essential products’ recycling circle offering sustainable solutions both for the polyurethane converters and final consumers.

Contact Information:
RAMPF Group
Benjamin Schicker
+49.7123.9342-0
Contact via Email
www.rampf-group.com

Read the full story here: https://www.pr.com/press-release/841370

Press Release Distributed by PR.com

Copyright © 2021 PR.com and its licensors , source US Press Releases

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Financials
Sales 2021 48 627 M 56 801 M 56 801 M
Net income 2021 2 164 M 2 527 M 2 527 M
Net Debt 2021 6 640 M 7 756 M 7 756 M
P/E ratio 2021 7,64x
Yield 2021 5,44%
Capitalization 16 392 M 19 145 M 19 147 M
EV / Sales 2021 0,47x
EV / Sales 2022 0,47x
Nbr of Employees 21 965
Free-Float 87,5%
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 11,02 €
Average target price 12,12 €
Spread / Average Target 9,94%
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Managers and Directors
Josu Jon Imaz San Miguel Chief Executive Officer & Executive Director
Antonio Lorenzo Sierra Chief Financial Officer
Antonio Brufau Niubˇ Non-Executive Chairman
Luis Aurelio Cabra Due˝as Executive Managing Director-Technology Development
Henri Philippe Reichstul Independent Non-Executive Director
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