BP has signed a ten-year agreement with Clean Planet Energy to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and also into ultra-low sulphur diesel (ULSD).

Clean Planet Energy will process hard-to-recycle waste plastic into naphtha, a petrochemical feedstock that can be used in plastic production and ULSD with BP agreeing to 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.

“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,” said Sven Boss-Walker, SVP refining & products trading.

Clean Planet Energy is currently in the process of developing 12 of its ecoPlants globally. From these facilities alone, the company aims to divert 250,000 tonnes of hard-to-recycle waste plastic annually from landfills and the environment. Clean Planet Energy plans to announce further ecoPlants in the UK, EU, South-East Asia and the Americas later this year.

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