Posted on Leave a comment

BP signs 10-year contract for recycled feedstock

The UK-based Clean Planet Energy and energy company BP have come to an agreement to supply and purchase feedstock and ultra-low sulphur diesel (ULSD) derived from hard-to-recycle plastics.

Clean Planet Energy is currently building its first facility in Teesside, which it calls an ecoPlant, to process 20,000 tons per year of waste plastics that would usually be refused by typical recycling centres and instead sent for incineration or landfill disposal. From this, it will produce ULSD and naphtha, which can then be used as a feedstock for making plastics for the circular economy.

Under the agreement, BP, which also makes Castrol industrial and food-safe fluids, has committed to taking the output from the Teesside ecoPlant, with there being opportunities for BP to build upon this by procuring output from Clean Planet Energy’s other ecoPlants in future. This would fit with BP’s aim of using circularity to unlock new value sources and maximise the useful life of raw materials.

In a statement, BP’s Senior Vice President for Refining & Products Trading, Sven Boss-Walker, said about the agreement:

“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 already developing 12 of its ecoPlants around the world, enough to process about 250,000 tons of hard-to-recycle waste a year and create over 700 jobs for their localities.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.