NEWS
Producer alliance to invest $1.5bn to end plastic waste
Some 30 major companies from the plastics and consumer goods value chain have joined to found a not-for- profit global alliance “to advance solutions that reduce and eliminate plastic waste in the environment, especially in the ocean”. The Alliance to End Plastic Waste (AEPW) has commit- ted over $1bn and aims to invest $1.5bn over the next five years. The AEPW’s founding members are:
BASF, Berry Global, Braskem, Chevron Phillips Chemical, Clariant, Covestro, CP Group, Dow, DSM, ExxonMobil, Formosa Plastics, Henkel, LyondellBa- sell, Mitsubishi Chemical, Mitsui Chemicals, Nova Chemicals, Oxy- Chem, PolyOne, Procter & Gamble, Reliance Industries, Sabic, Sasol, Shell,
Suez, SCG Chemicals, Sumitomo Chemical, Total, Veolia and Versalis. David Taylor, CEO of Procter & Gam- ble has been named chairman. He commented that this “is the most comprehensive effort to date to end plastic waste in the environment”. The association aims to develop and scale new means to minimise and manage plastic waste, including promoting the recovery of plastics to help create a circular economy. Four key areas for projects will be: Infrastructure development to collect and manage waste and increase recycling;
Advancing and scaling up new technologies that make recycling and recovering plastics easier and create
value from them post-use; Education and engagement with governments, businesses and commu- nities to mobilise action; and Clean-up of concentrated areas of plastic waste, particularly the ten rivers in Asia and Africa, that carry the majority of it to the ocean. The AEPW said that it will also work with governments, intergovernmental organisations, academia, NGOs and civil society to invest in joint projects to eliminate plastic waste from the environment. However, some NGOs are highly sceptical of an alliance dominat- ed by plastics producers and environ- mental group Greenpeace has criticised the level of investment as inadequate. �
www.endplasticwaste.org
50 years of...
CUSTOMER SERVICE BECAUSE WE CAN
FOLLOW US AT
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54
