Under the agreement bp is committed to purchasing up to 60,000 tons per year of HUPATM renewable drop-in marine fuel and up to 15,000 tons per year of circular naphtha petrochemical feedstock, on a take-or-pay basis, from Circtec’s new commercial-scale plant, for eight years after the new plant is commissioned. The €285 million new plant, currently awaiting construction in Delfzijl, The Netherlands, will be constructed to have the capacity to process 200,000 tons per year of waste tires into HUPATM renewable drop in marine fuel, circular naphtha petrochemical feedstock and circular chemical recovered carbon black (rCB). Construction of the new plant is planned to start this year with the first phase of the plant intended to become operational in 2025. bp has also committed
to providing €12.5 million of investment through debt capital, to support the €100 million development of the first phase of the Delfzijl plant.
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