Engineering to Impact - Luke Banks on Procurement and the Circular Economy

Episode notes

In this episode of Powering Procurement, we’re joined by Luke Banks , Global Head of Contracts and Procurement at Plastic Energy , a business at the forefront of transforming plastic waste into a truly circular economy. Luke shares his journey from engineering into procurement, explaining why his move was a deliberate career choice rather than an accident. With experience spanning manufacturing, construction, healthcare, retail and energy, he reflects on how a technical background can strengthen negotiation, supplier relationships and strategic decision-making. We explore how procurement supports Plastic Energy’s global sustainability mission, from responsible supplier onboarding and ESG metrics to risk analytics and strategic partnerships. Luke also offers candid insight into building procurement functions in fast-growing organisations, leading teams through change, and balancing strategy with operational delivery. The conversation dives into digital transformation, AI, and why well-implemented technology is essential for freeing procurement teams to focus on value rather than administration.