Dow and SCG not too long ago signed a collaboration settlement to develop new full recycling options so as to add worth to plastic waste and forestall them from ending up within the setting. This settlement is an try to create a round financial system for plastic in Thailand.
“Our business and society as an entire should do a greater job of capturing and reusing plastic by scaling investments in assortment, waste administration, recycling applied sciences and new end-markets,” mentioned Jim Fitterling, chief government officer of Dow. “Dow continues to affix forces with companions throughout the globe to extra successfully reuse and recycle plastic waste. Working along with firms like SCG we will create a world the place no plastic leads to the setting.”
The settlement was primarily based upon the shared imaginative and prescient to shut the loop of plastics waste administration for the discount of plastic leakage to the setting.
The merchandise anticipated from this collaboration are outputs of mechanical recycling, feedstock recycling in addition to renewable feedstock, which embrace however are usually not restricted to recycled resin, recycled merchandise constructed from plastic waste, petrochemical feedstocks from plastic waste and renewable plastic resins.
“This collaboration not solely represents our joint dedication in taking motion to unravel the issues by way of expertise and making actual modifications but additionally offers us with new enterprise alternative, enhancing sustainability and bringing about sensible options for recycling and upcycling of plastic waste in Thailand,” mentioned Roongrote Rangsiyopash, president and chief government officer of SCG.
SCG, Chemical compounds Enterprise, is without doubt one of the largest built-in petrochemical firms in Thailand and a key business chief in Asia. It gives a full vary of petrochemical merchandise starting from upstream manufacturing of olefins to downstream manufacturing of three important plastics resins; polyethylene, polypropylene and polyvinyl chloride.
“Round financial system is an financial alternative as a lot as an answer to a urgent environmental difficulty,” mentioned Jonathan Penrice, president of Dow in Asia Pacific. “We are going to construct on Dow’s distinctive supplies science and utility data and our 50-year expertise in Thailand to develop options that maximize the worth of plastics within the nation.”
This collaboration is aligned with the Thai authorities’s ambition to drastically improve the recycling charge of plastic waste within the nation by 2027. Plastic waste within the setting is taken into account a important environmental difficulty which Dow and SCG have innovated round prior to now, comparable to growing sure applied sciences to include supplies derived from reworked plastic waste in polymer modified asphalt roads. This answer will add worth to low or no worth plastic waste comparable to multi-layer plastic packaging and contaminated plastic waste.
Most companies right now function a linear system, whereby pure assets are extracted, reworked into merchandise, and ultimately disposed of. A round financial system, however, is aimed to reuse, renew and recycle useful assets, thereby lowering environmental affect.
Dow and SCG are founding members of the Alliance to Finish Plastic Waste, a not-for-profit group, partnering with the finance neighborhood, authorities and civil society, together with environmental and financial improvement NGOs to make the dream of a world with out plastic waste a actuality.