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BP plans to build a USD25 million pilot plastics-to-feedstocks plant in US

October 25/2019

MOSCOW (MRC) -- BP plans to build a USD25 million pilot plant to test new technology the energy company says will allow plastic bottles and food packaging to be recycled again and again, reported Reuters.

Polyethylene terephthalate, or PET, is one of the most widely recycled plastics. About 27 million tonnes of PET is used annually in packaging, with bottles accounting for around 23 million tonnes of that, BP said in a statement, citing data from consultancy Wood Mackenzie.

However, only around 60% of PET used for bottles is recovered, with the vast majority recycled only once before being either buried in landfill or burnt as the current recycling process leaves a lot of impurities.

BP said that its new recycling technology, named Infinia, can transform used PET plastics into brand-new plastic feedstock, allowing them to be recycled repeatedly.

The company will build a USD25 million plant in the United States in 2020 to test the technology before deciding on whether it can be fully commercialised.

BP's head of refining and petrochemicals Tufan Erginbilgic said the technology was a "game-changer" for the plastics recycling industry.

"It is an important stepping stone in enabling a stronger circular economy in the polyester industry and helping to reduce unmanaged plastic waste," Erginbilgic said.

As MRC informed earlier, BP and Chinas Zhejiang Petroleum and Chemical Corporation (ZPCC) have signed a memorandum of understanding (MOU) to explore the creation of a new equally-owned joint venture to build and operate a 1 million ton per year (Mtpy) acetic acid plant in eastern China. The proposed facility - in Zhoushan, Zhejiang Province - would deploy BPs CATIVA XL technology to produce acetic acid, a versatile intermediate chemical used in a variety of products such as paints, adhesives and solvents. It is also used in the production of purified terephthalic acid (PTA) of which BP is a leading global manufacturer.

BPs Global Petrochemicals Business has total (net to BP) capacity at 18 locations in ten countries of 18.3 million tpa including 6.7 million tpa of PTA.

According to MRC's DataScope report, Chinese bottle grade PET deliveries to Russia increased 34% in the first eight months of 2019 to 95,600 tonnes. China accounted for 90% of the total imports, compared to 85% a year earlier.
August imports of material from China decreased by 41% to 7,600 tonnes from 12,800 tonnes in July. Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec were the leading Chinese suppliersof material to the Russian market.

BP is one of the world's largest oil and gas companies, serving millions of customers every day in around 80 countries, and employing around 85,000 people. BPs business segments are Upstream (oil and gas exploration & production), and Downstream (refining & marketing). Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbon basins and strong market positions in key economies.
Author:Margaret Volkova
Tags:PET-granulate, terephthalic acid, packaging, PET bottles, BP Plc, China, Russia, USA.
Category:General News
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