It is estimated that by 2050 nearly 60 percent of global plastics production could be based on reuse and recycling. PlasticsEurope members are already investing and teaming up with innovative value chain partners to ramp up chemical recycling and other technology solutions.
Speaking at the “Closing the loop on chemical recycling in Europe” event in Brussels, Markus Steilemann, President of Plastics Europe and CEO of Covestro, commented: “Chemical recycling is a game changer and a key building block of the circular economy – not only in Europe.This increased investment confirms the determination of the industry to address the problem of plastic waste and supports the EU Green Deal’s climate and sustainability ambitions. However, this is just a starting point, and sizeable investments are still needed to fully capture the value of this technology.”
Colin Yates, Packaging Sustainability Director at Mars Pet Nutrition said: “This is an exciting and welcome development as we reduce, redesign and invest to close the loop on our packaging. The ability of chemical recycling to convert mixed plastic waste, otherwise destined for landfill or incineration, into food grade resins, will be an important step in enabling Mars and other manufacturers to meet our ambition of ensuring our packaging is part of a truly circular economy.” link
Colin Yates, Packaging Sustainability Director at Mars Pet Nutrition said: “This is an exciting and welcome development as we reduce, redesign and invest to close the loop on our packaging. The ability of chemical recycling to convert mixed plastic waste, otherwise destined for landfill or incineration, into food grade resins, will be an important step in enabling Mars and other manufacturers to meet our ambition of ensuring our packaging is part of a truly circular economy.” link
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