The CEO of Clean Planet Energy, Bertie Stephens, said “Our partnership with Andera Partners supports our vision for clean oceans and clean air,” going on to discuss the partnership’s targets for the future. This includes “developing ecoPlants that each convert over 20,000 tonnes of plastic a year into ultra-clean circular fuels” and encouraging a 75% reduction in CO2e emissions entering the atmosphere during the fuel production process. These leaps forward play a significant role in cleaning the atmosphere and helping companies in related industries to stick to an environmentally-friendly ethos.
The partnership intends to invest in three ecoPlants in France, with the first becoming active as soon as mid-2023. By reclaiming waste plastic from landfills and similar sites and converting it into efficient and low-emission fuel, the positive impacts should be seen almost as soon as the first plant comes online. In addition to fuel, the plants aim to produce green naphtha, a key material in producing more durable plastics that are viable for long-term consumption.
In addition to supporting Andera Partners in this venture, Clean Planet Energy has started construction on similar ecoPlants in the UK, seeking to assist in the reduction of emissions and waste across Europe.