Barclays and Recycling Technologies have teamed up to help process plastic waste at the Barclaycard presents British Summer Time Festival.
The music festival will be held in Hyde Park in London on 13 July.
While some festival events, such as Glastonbury, have banned the sale of single-use plastics, attendees still bring plastics to these events and that material requires reprocessing.
As part of the recycling effort, dedicated plastic collection bins will be available across the festival site. The collected material will be taken to Swindon-based Recycling Technologies.
Once at the plant the waste will be recycled into the Plaxx oil product, which can be used to produce virgin-quality material.
This will prevent any difficult-to-recycle materials going to landfill or other non-sustainable waste streams.
Recycling Technologies is continuing to work with stakeholders such as Barclays and Tesco on trials to demonstrate its chemical recycling technology.
The scaleable process represents an eco-friendly route to managing plastic waste in the UK. The goal is to double the UK’s current recycling capacity by 2027.
Elena Parisi, marketing director at Recycling Technologies, said: “Some plastics are vital to the war on carbon, for keeping food fresh and making transport fuel efficient, so our aim is to help ensure that this needed plastic is recycled.”