An alliance of global companies from the plastics and consumer goods chain have launched a new organisation to drive solutions to eliminate plastic waste in the environment.
The Alliance to End Plastic Waste (AEPW) which is currently made up of nearly thirty members, has committed over $1 billion (£777 million) with the aim of investing $1.5 billon (£1.1 million) over the next five years to help end plastic waste.
It aims to develop and bring solutions that will reduce and manage plastic waste and promote solutions for used plastics by helping to enable a circular economy.
Procter & Gamble president and chief executive, and chairman of the AEPW David Taylor said: “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. I urge all companies, big and small and from all regions and sectors, to join us.”
In the coming months, the Alliance will make additional investments and drive progress in:
- Infrastructure development to collect and manage waste and increase recycling
- Innovation to advance and scale new technologies that make recycling and recovering plastics easier and create value from all post-use plastics
- Education and engagement of government, businesses and communities to mobilise action
- Clean up of concentrated areas of plastic waste already in the environment.
LyondellBasell chief executive and vice chairman of AEPW Bob Patel said: “History has shown us that collective action and partnerships between industry, governments and NGOs can deliver innovative solutions to a global challenge like this. The issue of plastic waste is seen and felt all over the world. It must be addressed, and we believe the time for action is now.”
The Alliance is a not-for-profit- organisation that includes companies that make, use, sell, process, collect and recycle plastics. It has been working with the World Business Council for Sustainable Development as a founding partner.
It has also announced a set of projects and collaborations that it believes reflect a range of solutions to help end plastic waste:
- Partnering with cities to design integrated waste management systems in large areas where infrastructure is lacking. This includes engaging local governments and stakeholders, and partnerships with cities located in high plastic leakages areas. It will also look at collaborating with other programs, such as Project STOP in Indonesia
- Funding The Incubator Network by Circulate Capital to create and promote technologies, business models and entrepreneurs that prevent ocean plastic waste and improve waste management and recycling
- Developing an open source, science-based global information project to support waste management projects globally with reliable data collection, metrics, standards and methodologies to help accelerate actions to stop plastic waste from entering the environment
- Creating a capacity building collaboration with intergovernmental organisations such as the United Nations to conduct joint workshops and trainings for government officials and community-based leaders to help identify the most effective solutions in high-priority areas
- Supporting Renew Ocean to aid localised investment and engagement.
Companies that are founding members of the Alliance include: 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).