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Industry alliance sets out $1bn to tackle oceans’ plastic waste


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The scourge of plastic waste in the world’s oceans is the target of a new global alliance of businesses which says it will try to reduce the amount of plastic waste produced and improve recycling.

The Alliance to End Plastic Waste, launched on Wednesday, includes companies producing consumer goods and plastic, as well as waste management and recycling firms. Among more than 25 companies joining the effort are household names such as Procter & Gamble, Shell, BASF and ExxonMobil.

Together the companies have committed $1bn (£778m) over the next five years, with an aspiration to raise that to $1.5bn (£1.2bn) if further members join. The firms intend to invest in a wide variety of projects, including research and development into new recycling technologies, building infrastructure to collect and recycle waste, and cleaning of areas where plastic waste concentrates, such as in rivers.

Posted by on Feb 2 2019. Filed under No Plastic. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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