Plastics Industry comes together to combat plastics waste
At Itachi plastics we are committed to making sure that we use plastics in a sustainable manner. We actively support recycling by partnering with local firms to make sure our waste doesn’t go into the landfill but is instead up-cycled or recycled. The giants of the plastics and chemicals industry, including our main raw material vendor Sasol from South Africa, have recently joined forces to launch the most funded recycling initiative to date The Alliance to End Plastic Waste.
From the press release
An alliance of global companies from the plastics and consumer goods value chain today launched a new organization to advance solutions to eliminate plastic waste in the environment, especially in the ocean.
The cross value chain Alliance to End Plastic Waste (AEPW), currently made up of nearly thirty member companies, has committed over $1.0 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment. The Alliance will develop and bring to scale solutions that will minimize and manage plastic waste and promote solutions for used plastics by helping to enable a circular economy. The Alliance membership represents global companies and located throughout North and South America, Europe, Asia, Southeast Asia, Africa, and the Middle East.
Read more at https://endplasticwaste.org/ and view the launch video below.
The following companies are the founding members of the Alliance: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM, ExxonMobil, Formosa Plastics Corporation USA, Henkel, LyondellBasell, Mitsubishi Chemical Holdings, Mitsui Chemicals, NOVA Chemicals, OxyChem, PolyOne, Procter & Gamble, Reliance Industries, SABIC, Sasol, SUEZ, Shell, SCG Chemicals, Sumitomo Chemical, Total, Veolia, and Versalis (Eni).