Source: End Plastic Waste
The cross-value chain Alliance to End Plastic Waste (AEPW), 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.
The Alliance is a not-for-profit organization that includes companies that make, use, sell, process, collect, and recycle plastics. This includes chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies, also known as the plastics value chain. The Alliance has been working with the World Business Council for Sustainable Development as a founding strategic partner.
The Alliance has already an initial list of projects and will make additional investments and drive progress in four key areas:
- 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 governments, businesses, and communities to mobilize action; and,
- Clean up of concentrated areas of plastic waste already in the environment, particularly the major conduits of waste, like rivers, that carry land-based plastic waste to the sea.
Research from the Ocean Conservancy shows that nearly 80 percent of plastic waste in the ocean begins as litter on land, the vast majority of which travels to the sea by rivers. In fact, one study estimates that over 90 percent of river-borne plastic in the ocean comes from 10 major rivers around the world – eight in Asia, and two in Africa. Sixty percent of plastic waste in the ocean can be sourced to five countries in Southeast Asia.
Source: AEPW website (Science, University of Georgia; University of California, Sea Education Association)
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).
Find here more information on AEPW projects and other initiatives.