Direct liquid fuel cells represent one of the most rapidly emerging energy conversion devices. The main challenge in developing fuel cell devices is finding low-cost and highly active catalysts. In this work, PET bottle waste was transformed into nitrogen-doped graphene (NG) as valuable catalyst support. NG was prepared by a one-pot thermal decomposition process of mineral water waste bottles with urea at 800 °C. Then, NG/Pt electrocatalysts with Pt loadings as low as 0.9 wt.% and 1.8 wt.% were prepared via a simple reduction method in aqueous solution at room temperature. The physical and electrochemical properties of the NG/Pt electrocatalysts are characterized and evaluated for application in direct borohydride peroxide fuel cells (DBPFCs). The results show that NG/Pt catalysts display catalytic activity for borohydride oxidation reaction, particularly the NG/Pt_1, with a number of exchanged electrons of 2.7. Using NG/Pt composite in fuel cells is anticipated to lower prices and boost the usage of electrochemical energy devices. A DBPFC fuel cell using NG/Pt_1 catalyst (1.8 wt.% Pt) in the anode achieved a power density of 75 mW cm⁻² at 45 °C. The exceptional performance and economic viability become even more evident when expressed as mass-specific power density, reaching a value as high as 15.8 W mg_Pt⁻¹.