Accelerating Circular Supply Chains For Plastics
A majority of the plastics used are never recovered: globally, almost 90% of plastic waste ends up in a landfill, incinerator, or, worse, in our oceans and the environment. With global plastics demand forecasted to triple by 2050, there is a tremendous missed opportunity – in both economic and environmental value – to turn this plastic into the building blocks for new materials, instead of more poorly managed waste. Technology providers are developing innovative advanced recycling solutions that complement mechanical recycling, but investment is needed to scale the technologies and integrate them into existing infrastructure more quickly. Building a circular system for plastics is possible, and we are calling on brands and investors to seize the opportunities presented by advanced recycling technology solutions and the growing demand for recycled materials.
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