Companies pledge US$1 bn for elimination of plastic waste

A global alliance of nearly 30 companies has been founded to advance solutions that reduce and eliminate plastic waste in the environment, especially in the ocean. Known as the Alliance to End Plastic Waste (AEPW), the organisation has committed over US$1 billion with the goal of investing US$1.5 billion over the next five years to help end plastic waste in the environment. New solutions will be developed and brought to scale that will minimize and manage plastic waste. This also includes the promotion of solutions for used plastics by helping to enable a circular economy.

Understanding where the plastic waste originates from is key. Research by the Ocean Conservancy shows that plastics in the ocean predominantly originate from litter on land. Most of the plastic waste is spread through rivers and can be traced back to ten major rivers around the world, mainly in Asia and Africa. Many of these rivers flow through densely populated areas which have a lack of adequate waste collection and recycling infrastructure, leading to significant waste leakage. The AEPW will initiate actions where they are most needed. This will include projects that contribute to solutions in four key areas:

“Everyone agrees that plastic waste does not belong in our oceans or anywhere in the environment. This is a complex and serious global challenge that calls for swift action and strong leadership. This new alliance is the most comprehensive effort to date to end plastic waste in the environment,” said David Taylor, CEO of Procter & Gamble, and Chairman of the AEPW.

The alliance is a not-for-profit organization that includes companies from across the global plastics and consumer goods value chain: chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies. The alliance will work with governments, intergovernmental organizations, academia, non-government organizations and civil society to invest in joint projects to eliminate plastic waste from the environment.

“One important measure to end uncontrolled entry of plastics into the environment is to build up closed circles where plastic can be used as new raw material. The chemical industry plays an important role in innovating and implementing large-scale processes to convert plastic waste into new products,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer of BASF SE.

One example of how BASF is working on innovative technologies that promote the recovering and recycling of plastics is its recently initiated ChemCycling project. Together with its customers and partners, BASF developed and manufactured the first pilot products based on chemically recycled plastic waste.

BASF is also actively implementing the international programme Operation Clean Sweep® globally in all its plastic pellet production sites, which aims to prevent plastic pellet loss along the value chain through behavioral, organizational and technical measures. Furthermore, BASF engages in various collaborations and association projects (for example, World Plastics Council, Ellen MacArthur Foundation, CEFLEX) on waste management and education.

The following companies are the founding members of the Alliance to End Plastic Waste: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, CP Group, Dow, DSM, ExxonMobil, Formosa Plastics Corporation USA, Henkel, LyondellBasell, Mitsubishi Chemical Holdings, Mitsui Chemicals, NOVA Chemicals, OxyChem, PolyOne, Procter & Gamble, Reliance Industries, SABIC, Sasol, Shell, Suez, SCG Chemicals, Sumitomo Chemical, Total, Veolia, and Versalis (Eni).

(PRA)

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