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BP develops plastic recycling technology

ESG Investing Tuesday 29 October 2019 10:20 GMT

BP has developed technology that can recycle PET plastic waste which could mean reduced landfill and incineration.

BP Infinia enables currently unrecyclable polyethylene terephthalate (PET) plastic waste to be transformed back into new plastic. PET is the most commonly used plastic for beverage and rigid food packaging with around 27 million tonnes of PET a year are used globally, with the majority used for bottles. BP plans to construct a pilot plant in the US before progressing to commercialization.

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