RES Polyflow announces recovered fuel agreement with BP
In the United States (US), RES Polyflow LLC, an Ohio based manufacturer of Plastics-To-Fuel energy recovery systems has announced that it has entered into an offtake agreement with BP for the fuels produced by its first commercial production facility. Located in Ashley, Indiana., the plant will convert 100 000 tonnes of plastic waste into 16 million (US) gallons (≈ 60.5 million litres) of ultra-low sulphur diesel fuel and naphtha blendstocks per annum. The project is expected to begin in 2019.
Under the terms of the agreement, BP will purchase all of the diesel fuel and naphtha blendstocks produced by the RES Polyflow facility for distribution in the regional petroleum market. The facility will also produce commercial grade waxes for sale to the industrial wax market.
As a global energy business, BP is focused on the dual challenge of meeting society’s needs for more energy, while at the same time working to reduce carbon emissions. Agreements like this one highlight our commitment to helping drive the transition to a low-carbon future, which is embedded in the core of our business strategy, said Carey Mendes, Head of BP’s Global Oil Americas Marketing and Trading business in Chicago.
RES Polyflow designs, manufactures and implements commercial-scale energy recovery systems that offer a responsible end of life solution for non-recycled waste plastic. The company’s patented process complements current recycling efforts by converting a wide range of low value co-mingled plastic waste such as film and flexible packaging and other low value, non-recycled plastic waste that typically ends up going to landfills or fouling local waterways, into “marketable petroleum blend stocks and wax on a continuous and profitable basis.”
The company plans additional Plastics-To-Fuel facilities for surrounding Midwestern states. The new locations will be anchored by the Indiana facility as the primary post-processing site for the BP offtake agreement. A total of 136 full time manufacturing jobs will be created in NE Indiana when all phases of the project are implemented.
RES Polyflow CEO Jay Schabel commented that the offtake relationship with BP demonstrates that the company’s proprietary Plastics-To-Fuel process delivers a viable business model for energy recovery in North America.
We provide communities with an alternative to traditional methods of plastic disposal that complement current recycling practices. In addition to creating permanent manufacturing jobs, a reduced carbon footprint associated with the production of high demand petroleum products can be realized for the first time at a commercial scale, said Jay Schabel.