- Repsol Foundation acquires 14% stake in Coleo's recycling division.
- Over 7 million tonnes of textile waste are generated annually in Europe.
- Only 10% of textile waste is recycled, with 65-75% ending in landfills or incineration.
- Coleo operates waste management plants in Spain and France.
Investment Overview
The Repsol Foundation has acquired a 14% stake in Coleo's recycling division, reinforcing its commitment to sustainable practices and the energy transition. This partnership aims to enhance Coleo's capacity to develop new waste management and recovery plants.
Textile Waste Challenge
Europe generates over 7 million tonnes of textile waste annually, with only 10% being recycled. A significant portion, between 65% and 75%, ends up in landfills or incineration facilities. The export market for second-hand garments is saturated, complicating efforts to manage this waste effectively.
Coleo's Expansion Plans
Coleo, a leader in textile circularity, operates waste management plants in Spain and France. With Repsol's investment, Coleo plans to expand its network, opening new facilities to improve waste recovery and recycling processes.
Social and Environmental Impact
Coleo integrates social inclusion into its operations, employing individuals from vulnerable groups at its plants. This approach aligns with the Repsol Foundation's strategy to support projects with social, environmental, and economic benefits.
