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Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

BP and corporate giants including Unilever announced a new consortium Thursday that aims to transform "difficult to recycle" plastic wastes into materials that can be repeatedly used to make high-quality packaging.

Why it matters: The world has a gigantic plastics waste problem, and these are some big players — others involved include food and beverage giant Danone and the big packaging company Alpla.

The big picture: The group aims to speed deployment of BP's "Infinia" technology for recycling polyethylene terephthalate plastic packaging waste.

What they're saying: Rita Griffin, the chief operating officer of BP's petrochemical unit, said, "we know we cannot create circularity on our own." The company is working with others to "prove a practical business model that can hopefully contribute to making all types of polyester waste infinitely recyclable."

Where it stands: Via Bloomberg, "The move follows in the footsteps of a competitor Total SA, which announced last week that it would work alongside companies including Nestle SA and Mars Inc. to develop a nascent chemical-recycling industry in France."

Go deeper: Big Oil doubles down on recycling

Go deeper

Caitlin Owens, author of Vitals
25 mins ago - Health

New data reignites the debate over coronavirus vaccine strategy

Illustration: Eniola Odetunde/Axios

New research is bolstering the case for delaying second doses of coronavirus vaccines.

Why it matters: Most vulnerable Americans remain unvaccinated heading into March, when experts predict the more infectious virus variant first found in the U.K. could become dominant in the U.S.

26 mins ago - Politics & Policy

Rail's big moment is arriving

Illustration: Sarah Grillo/Axios

Passenger rail could be the big winner if Congress moves ahead with President Biden's ambitious infrastructure plan.

Why it matters: There's long been bipartisan support for rebuilding America's crumbling infrastructure, but under Biden, the focus has shifted to sustainable projects that fulfill both his climate and equity goals, such as rail transit.

Scoop: Schumer wants to freeze stimulus changes

Sen. Chuck Schumer. Photo: Al Drago/Getty Images

Senate Majority Leader Chuck Schumer is privately saying he can pass President Biden's $1.9 trillion coronavirus package but wants to avoid any last-minute changes jeopardizing its trajectory, three sources familiar with the talks tell Axios.

Why it matters: While the president hoped to enlist Republican support for the measure, Schumer has worked to ensure he has a solid 50 votes to muscle it through if necessary. A parliamentary ruling Thursday improved his chances.

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