In compliance with its environmental protections, 12 Consumer Goods Forum (CGF) Plastic Waste Action Coalition members have released a letter to suppliers, regulators, and investors today.

In the letter, they express their requirement to buy recycled material that has been chemically created. In addition to their needs for mechanically recycled materials, a larger assessment of coalition member companies reveals a demand for 800,000 tonnes of chemically recycled material annually by 2030.
The coalition’s members released a vision and principles statement titled “Chemical Recycling in a Circular Economy for Plastics” in April 2022. This document promotes the creation of innovative plastics recycling technologies that follow six guiding principles for ethical, secure, and sustainable growth. At the same time, coalition members released an independent Life Cycle Assessment (LCA) study, which shows that if chemical recycling at scale were available to process hard-to-recycle plastics instead of sending these plastics to waste incinerators, system-level emissions would be about 40% lower in certain geographies and under certain conditions. Although chemical recycling technology is not a panacea, the coalition acknowledges that it will be a crucial technology that can help recycle plastic trash that cannot otherwise be recycled mechanically.

Source: Prnewswire