Tag: BP

BP’s new technology to enable circularity for unrecyclable PET plastic waste

Stuart Mitchell

BP has developed an enhanced recycling technology, BP Infinia, that enables currently unrecyclable polyethylene terephthalate (PET) plastic waste to be diverted from landfill or incineration and instead transformed back into new, virgin-quality feedstocks. BP plans to construct a $25 million pilot plant in the US to prove the technology, before progressing to full-scale commercialization.  Tufan Erginbilgic, BP’s Downstream chief executive, said: “We see our Infinia technology as a game-changer for the recycling of PET plastics. It is an important stepping stone in enabling a stronger circular economy in the polyester industry and helping…

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BP commits $100 million to fund new emissions reductions projects

Stuart Mitchell

BP has announced that it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its Upstream oil and gas operations. The new Upstream Carbon Fund will provide significant further support to BP’s work generating sustainable greenhouse gas emissions reductions in its operations. In April 2018, BP set clear, near-term and specific targets aimed at reducing its emissions and advancing the energy transition, including achieving 3.5 million tonnes of sustainable GHG emissions reductions across the BP Group from 2016 to 2025 and…

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BP to support investor group’s call for greater reporting around Paris goals

Stuart Mitchell

BP has said that it will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. Investor participants of the Climate Action 100+ initiative have proposed a resolution to be put to shareholders at the company’s annual general meeting in May 2019. Following constructive engagement between BP and the investors, the BP Board has decided to support the proposed resolution. BP has supported the aim of the Paris Agreement,…

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Greenpeace: SpongeBob Tells BP – Back Off The Amazon Reef Campaign

Stuart Mitchell

Don’t Panic Partners has created a new campaign for Greenpeace, in the wake of consortium of oil companies including BP and Total being weeks away from getting permission to drill for oil close to the barely explored Amazon Reef. A consortium of oil companies including BP and Total may be only a few weeks away from getting permission to drill for oil close to the barely explored Amazon Reef. Scientific experts have raised concern about plans to drill in the Amazon Mouth Basin, as the companies admit there is up…

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