BP Follows Total With Drive to Improve Recycling of Plastics
- 12% of PET plastic bottles collected globally become new ones
- BP will join with Unilever, Danone and ALPLA on the technology
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BP Plc is the latest oil giant to announce it would join forces with companies across the plastic value chain to speed up efforts to improve recycling technology.
The London-based oil major formed a consortium with users and makers of packaging to accelerate the commercialization of methods to turn difficult-to-recycle plastic waste into components that are easy to reuse, according to a press release on Thursday. The move follows in the footsteps of a competitor Total SA, which announced last week that it would work alongside companies including Nestle SA and Mars Inc. to develop a nascent chemical-recycling industry in France.