BP and Clean Planet Energy to advance the circular plastics economy
10 May 2022
BP and Clean Planet
Energy to advance the circular plastics economy
Clean Planet Energy
is a UK-based company that designs and builds ‘ecoPlants’.
These facilities are
expected to process plastics typically rejected by traditional recycling
centres and so would otherwise be sent to incineration or landfill.
BP has signed a
10-year offtake agreement with Clean Planet Energy, to convert hard-to-recycle
waste plastics into circular petrochemical feedstocks and also into
ultra-low-sulphur diesel (ULSD).
Dr. Katerina Garyfalou, Director of Business Development at Clean Planet Energy, said:
“We set out to find an international energy company to work with that we felt
understood our vision. BP not only put sustainability performance at the heart
of their discussions with us from day one, but their global-leading refining
and trading businesses means our naphtha product can have an impact in helping
to advance a circular economy.”
BP will initially
receive the output of Clean Planet Energy’s first facility in Teesside, with
the opportunity to expand the relationship by offtaking products from future
plants too.
The first facility, which
is currently under construction in the north-east of England, is designed to
have the capacity to process 20 000 tpy of waste plastics into naphtha which
can be utilised as feedstock into circular plastics value chains and ULSD.
BP is already
leading a series of major hydrogen and carbon capture and storage (CCS)
projects being developed in and around Teesside that will support the
decarbonisation of the region’s industries and which is aligned with their aim
of unlocking new sources of value through circularity, keeping products and
materials in use for longer.
Sven Boss-Walker, SVP Refining & Products Trading at BP, said:
“This long-term agreement with Clean Planet Energy for the offtake of naphtha
will help BP unlock new sources of value through circularity, while helping divert
plastic waste away from landfill, incineration and the environment. Clean
Planet Energy’s first facility in Teesside should help accelerate this
journey.”
Clean Planet Energy
is currently developing 12 of its ‘ecoPlants’ globally which aim to divert 250
000 tpy of hard-to-recycle waste plastic from landfills and the environment and
creating more than 700 green jobs in local communities.
Clean Planet Energy
plans to announce further ‘ecoPlants’ in the UK, EU, South East Asia and the
Americas later in 2022.
Reference:
www.hydrocarbonengineering.com “BP and Clean Planet Energy to advance
the circular plastics economy”