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Nearly 30 companies from the plastics and consumer goods value chain commit $1+ billion to help end plastic waste in the environment.
January 16, 2019
By: Anthony Locicero
Copy Editor, New York Post
BASF co-founded a global alliance of nearly 30 companies to advance solutions that reduce and eliminate plastic waste in the environment, especially in the ocean. The Alliance to End Plastic Waste has committed over $1 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment. New solutions will be developed and brought to scale that will minimize and manage plastic waste. This also includes the promotion of solutions for used plastics by helping to enable a circular economy. “We strongly support the aim to reduce plastic waste in the environment,” said Dr. Martin Brudermüller, chairman of the board of executive directors and chief technology officer of BASF SE, who supported setting up the Alliance from the beginning. “We are co-founding the Alliance to End Plastic Waste because we want to drive and promote solutions that will effectively help solve the world’s plastic waste problem,” Brudermüller said. “Plastics are efficient materials that can save resources and enable health, safety as well as convenience benefits for society. These benefits could be contradicted if plastics and their waste are neither used nor disposed nor recycled in a responsible manner.” Understanding where the plastic waste originates from is key. Research by the Ocean Conservancy shows that plastics in the ocean predominantly originate from litter on land. Most of the plastic waste is spread through rivers and can be traced back to ten major rivers around the world, mainly in Asia and Africa. Many of these rivers flow through densely populated areas which have a lack of adequate waste collection and recycling infrastructure, leading to significant waste leakage. The AEPW will initiate actions where they are most needed. This will include projects that contribute to solutions in four key areas:
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