CLEAN PLANET ENERGY
UK recycler to build 10 plastic waste-to-feedstock plants
 Design of CPE’s first ecoPlant under construction in Teeside, UK (Image: Clean Planet Energy) |
UK recycling group Clean Planet Energy (CPE, London; www.cleanplanetenergy.com) has signed a joint venture deal with London-based private equity group Crossroads Real Estate (www.crossroadsre.eu) to help fund the first of 10 “plastic waste into feedstock” facilities called ecoPlants.
Financial terms of the deal were not disclosed, but the two firms said in a statement that the funding agreement could lead to more than GBP 400 mn (EUR 462 mn) of UK investment for construction of the facilities.
Related: BP signs naptha deal with Clean Planet Energy
The reclaim firm said sites in Lincolnshire, Gloucestershire, Lancashire, and South Wales had been identified to potentially lead the 10-site rollout, “with further locations and announcements to be made in the months ahead”.
Financial terms of the deal were not disclosed, but the two firms said in a statement that the funding agreement could lead to more than GBP 400 mn (EUR 462 mn) of UK investment for construction of the facilities.
Related: BP signs naptha deal with Clean Planet Energy
The reclaim firm said sites in Lincolnshire, Gloucestershire, Lancashire, and South Wales had been identified to potentially lead the 10-site rollout, “with further locations and announcements to be made in the months ahead”.
24.11.2022 Plasteurope.com [251609-0]
Published on 24.11.2022