bp will be the first energy multinational to commercialise the naphta produced by Clean Planet Energy’s first recycling plant still under constructionat Teeside. This naphta is obtained through processing of hard-to-recycle plastic waste.
The facility at Teesside (North England -UK-), the first of a range on the pipeline worldwide, will produce as well ultra low sulphur diesel.
The 10 year supply contract signed with Clean Planet Energy gives bp the right to negotiate the commercialisation of the production from future Clean Planet’s plants globally.
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.
The Teesside facility is designed to have the capacity to process 20,000 tonnes a year of waste plastics into naphtha and ULSD. The naphtha can be utilised as feedstock into circular plastics value chains, which is aligned with bp’s aim of unlocking new sources of value through circularity, keeping products and materials in use for longer.
Clean Planet Energy will provide bp with the opportunity to expand the relationship by offtaking products from its future plants beyond Teesside.
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, creating more than 700 green jobs in local communities. Clean Planet Energy plans to announce further ecoPlants in the UK, EU, South-East Asia and the Americas later this year.
bp is already taking part in a series of major hydrogen and carbon capture and storage projects being developed in and around Teesside that will support decarbonisation of the region’s industries. Further. This long term agreement comes after bp’s decission to join the Global Centre for Maritime Decarbonisation last 4th April.
Sven Boss-Walker, SVP Refining & Products Trading at bp, said: “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.”
Dr. Katerina Garyfalou, Director of Business Development at Clean Planet Energy, said: “We set out to find an international energy company to work with that we felt understood our vision. bp not only put sustainability performance at the heart of their discussions with us from day one, but their global-leading refining and trading businesses means our naphtha product can have an impact in helping to advance a circular economy.”
Clean Planet Energy (CPE) is a cleantech, renewable and alternative energy company, converting hard-to-recycle waste plastics into naphtha, a petrochemical feedstock, that can be used in plastic production to support a circular supply chain and into ultra-low-sulphur diesel.
CPE’s mission is to remove over 1 million tonnes of hard-to-recycle plastic waste from our environment every year. It will achieve this mission by seeking to continuously devise and implement green technologies and processes (such as the Clean Planet ecoPlant) that prevent plastic waste from entering earth’s environment and oceans, while also reducing the world’s demand for non-circular products. It aims to divert hard to recycle waste plastics away from the world’s landfills, incinerators, and oceans, a major environmental win.
Image over the headline.- Clean Planet Energy’s Teesside cleanPlant under construction. © bp, plc.
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