bp and Clean Planet Energy reach agreement to help advance the circular plastics economy

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.  Under the new agreement bp will initially receive the output of Clean Planet Energy’s first facility, currently under construction in Teesside…

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