Press release
bp and Clean Planet Energy reach agreement to help advance the circular plastics economy
- Clean Planet Energy will process hard-to-recycle waste plastic into naphtha, a petrochemical feedstock that can be used in plastic production to support a circular supply chain. Clean Planet Energy will also be producing Ultra Low Sulphur Diesel
- bp will receive the output of Clean Planet Energy’s first facility which is under construction in Teesside and the right to offtake from future plants globally
bp has signed a ten-year offtake agreement with Clean Planet Energy, a UK-based company that is developing facilities to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and also into ultra-low sulphur diesel (ULSD). Clean Planet Energy designs and builds facilities – which they refer to as ecoPlants – that are expected to process plastics typically rejected by traditional recycling centres and so would otherwise be sent to landfill or incineration.
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