bp has signed a 10-year deal with UK-based Clean Planet Energy, which is developing plants to convert hard-to-recycle waste plastics into circular petrochemical feedstocks, as well as ultra-low sulfur diesel (ULSD).
Clean Planet Energy designs and builds facilities, called ecoPlants, that are expected to process plastics that are often rejected by traditional recycling centers and sent to landfill or incineration.
Under the new deal, bp will initially take output of Clean Planet Energy’s first facility, currently under construction in Teesside, in the north-east of England.
The facility in the northeast is designed to have the capacity to process 20,000 tons of waste plastic per year to naphtha and ULSD. Naphtha can be used as a raw material in circular plastics value chains, in line with bp’s goal of unlocking new sources of value through circularity, keeping products and materials in use longer.
Clean Planet Energy will provide BP with the opportunity to expand the relationship by acquiring products from its future facilities beyond Teesside.
bp is already spearheading a series of major hydrogen and carbon capture and storage projects in and around Teesside that will support the decarbonisation of the region’s industries.
Last November, it announced plans for a new large-scale green hydrogen production plant that could produce 500 Mwe (megawatts of electricity input) hydrogen by 2030.
Clean Planet Energy is currently in the process of developing 12 ecoPlans worldwide. The company aims to remove 250,000 tons of hard-to-recycle waste plastic from these facilities alone annually from landfills and the environment, creating more than 700 green jobs in local communities. Clean Planet Energy plans to announce more ecoPlants in the UK, EU, Southeast Asia and the Americas later this year.
Sven Boss-Walker, Senior Vice President of Refining and Product Trading at bp, said the long-term agreement with Clean Planet Energy to purchase naphtha will help bp unlock new sources of value through circularity, while helping to remove plastic waste from landfill, incineration and incineration. told. Environment. “Clean Planet Energy’s first facility in Teesside should help accelerate this journey,” he said.
Clean Planet Energy Business Development Director Dr. Katerina Garyfalou said they set out to find an international energy company that understands its vision, and that the naphtha product “could have an impact in helping to advance a circular economy.” Its partners include the British Plastics Federation and Stopford, an international energy and environmental consultancy.
The energy, consulting and technology sectors are engaged in supporting efforts to improve sustainability and plastic recycling.
Chemex Global recently received a project award for Freepoint Eco-Systems to design, supply and build a 240 MTPD advanced recycling plant in Hebron, Ohio.
The facility will convert waste plastic that would otherwise be reserved for landfill or incineration into a green pyrolysis oil that will be used to create recycled plastic and other products.
EY has recently joined the Plastic Waste Elimination Alliance with more than 90 companies, project partners, allies and supporters committed to ending plastic waste in the environment.
Security Matters, a company focused on digitizing physical objects on the blockchain, has successfully marked recycled plastics by examining the effect of different feeding methods on final PCR reads with high accuracy.
The UK and other countries have implemented or will soon implement recycled Plastic Packaging Tax Codes that enable companies using SMX’s automated inspection technology to avoid human inspection errors and increase cost savings.
According to Haggai Alon, CEO and Founder of SMX, its technology provides companies with affordable and transparent solutions to identify and report recycled ingredients used in plastic packaging and to eliminate their reliance on human inspection.
