BASF, Dow, Covestro and other giants have joined forces to form a global alliance to end plastic waste

BASF, Dow, Covestro and other chemical giants announced on the 17th, the joint formation of a global alliance to end plastic waste. The Global Alliance was launched in London on 16 January to reduce the impact of plastic waste on the marine environment and to promote solutions for post-consumer plastics. The alliance's founding members, including about 30 companies from the chemical, plastics, consumer goods and waste disposal industries, have pledged to invest more than $1 billion in the program over the next five years
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is understood to have pledged $1 billion (with a target of $1.5 billion over the next five years) to help end plastic waste in the environment. Alliance members will develop new solutions to reduce and control plastic waste, including the promotion of recycling solutions for plastic products and the promotion of a circular economy.
, Chairman of BASF Europe's Executive Board of Directors and Technical Officer, has always supported the formation of the alliance. "We strongly support the goal of reducing plastic waste in the natural environment," he said. BASF has joined forces to form this alliance because we want to promote innovative solutions that contribute to the effective resolution of the global plastic waste problem. Plastic is an efficient material that saves resources and is beneficial to human health, safety and social convenience. However, if plastic waste cannot be properly used, disposed of and recycled, these advantages can become disadvantages. Jim
, executive director of Dow, said, "Creating a waste-free environment is critical to the future of Dow and the chemical industry as a whole, or to a higher perspective, to our planet." The Action Coalition to Remove Plastic Waste brings together businesses, governments, non-governmental organizations, and consumers to accelerate our efforts to advance innovation, provide much-needed resources, and take decisive action to remove waste plastic from the environment. Cosco
that plastics are of great value and should not be abandoned in the natural environment. All waste should be treated as a resource. "Dr. Xervin, Cosco's executive director, said: "We are very happy with the results of this work. "We believe that the new alliance can significantly drive innovation, advance strategic partnerships, and transform the concept of 'waste into treasure' into an economically viable and sustainable solution," says Markus Steilemann. According
, recycling should not be limited to the disposal of plastic waste, but should run through the entire value chain. For example, in raw material selection, the use of alternatives such as carbon dioxide and biomass for production can not only form a carbon recycling "closed loop", but also save fossil resources such as crude oil. Cosco has developed an innovative process for using carbon dioxide to produce raw materials for plastics, and related products are on the market.
is understood to be a non-profit organization with members from the global plastics and consumer goods value chain, including chemical and plastics manufacturers, consumer goods companies, retailers, packaging film manufacturers and waste management companies. The Alliance has also established strategic partnerships with the World Enterprise Commission on Sustainable Development.
The Plastic Waste Removal Action Alliance will invest and promote development in four key areas: first, infrastructure, including the development of infrastructure to collect and manage waste and promote recycling, and innovation, including advancing the development and expansion of new technologies to make recycling and recycling of plastics easier and to develop waste The re-use value of plastics, the third is publicity and cooperation, including for governments, enterprises, communities to promote and mobilize the enthusiasm of all parties, and the fourth is to clean up, including the clean-up of waste plastic accumulation areas in the environment, especially major waste transmission pipelines, such as land waste plastics to the ocean rivers.
it is critical to understand the source of plastic waste. According to the Ocean Conservation Society, plastic in the oceans comes mainly from land-based waste. Most of the plastic waste reaches the ocean through rivers and traces it back to its source, mainly through ten important rivers that flow through densely populated areas of Asia and Africa. The lack of adequate waste disposal and recycling facilities in these areas has resulted in a large amount of waste leakage.
founding members of the alliance include BASF, Berry Global, Braskem, Chevron Phillips Chemical, Clariant, Covestro, CP Group, Dow Chemical, DSM, ExxonMobil, Taiwan Plastics Group (USA), Hengo, Leander Basel, SAN Diamond Chemical Holdings, Mitsui Chemical, NOVA Chemical, OxyChem, Privan, Procter and Gamble, Reliance Industries, Saudi Basic Industries, Sasol, Shell, Suez, Siam Chemical, Sumichi Chemical, Total, Verya and Eni Group's Versalis.