This is rather old, the news is from May 2008.
Although the article is rather sketchy, the species (or rather the genus) used are very well known and studied, so if it was feasible economically to do it, we should be seeing the results of such efforts for a while now.
Note that the problem is just economical. A simple way to get rid of plastic and toxic pollutants is to ship it to the sun, but that's expensive! We already have solutions to many problems, the issue is generally how to do it economically
"The elfclowns of hyperspace are already juggling in the center ring. Hurry! Hurry!" T.M