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Recently, IHS Markit stated that plastic is a sustainable material that satisfies the needs of daily life well
.
However, the world produces about 400 million tons of plastic each year, and only about 70% of the waste plastic is recycled, and only 15% of the recycled waste plastic is reused
Previously, IHS Markit studied two scenarios in which the plastics value chain shifts from a linear economy to a circular economy
.
The first scenario is that, in accordance with current market trends, the progress of plastic recycling will develop moderately, mainly relying on mechanical recycling
In the short term, the realization of the full cycle is relatively slow
.
In 2020, 2.
Therefore, to achieve more ambitious plastic recycling goals requires the use of chemical recycling processes
.
IHS Markit predicts that after major improvements in reactor design, catalysis, and product processing, a larger-scale chemical recycling process for plastics will be possible
IHS Markit said that closing the plastic recycling gap also requires global coordination of key stakeholders
.
The government and regulatory agencies need to act in unison around the goal of standardization to promote the recycling of plastics
