January 18, 2017
The company announced its support for recycling 70 percent of plastic packaging worldwide.
The new action plan was launched at Davos this week and the new report, entitled The New Plastics Economy: Catalysing Action, was explained at the World Economic Forum, and the Ellen MacArthur Foundation called for an increase in global recycling rates for plastic packaging from 14 percent to 70 percent.
The new plan has been endorsed by Recycling Technologies and 39 other businesses as well as government leaders, who are all working together to “create a more effective global system for plastics”. The action plan is for the industry to “design better packaging, increase recycling rates and introduce new models for making better use of packaging”, and has been produced as part of the New Plastics Economy initiative, which was launched in May 2016 as a result of Project Mainstream.
Recycling Technologies has designed the RT7000, which is a machine that incorporates a chemical recycling process that once produced will be installed at material recovery facilities around the world, and will help to reduce the negative impact of plastic waste and contribute to creating a circular economy for plastics. Over the next year the company’s plan is to launch two global innovation challenges to start the redesign of materials and packaging formats, and to start forming global common standards for packaging design.
Adrian Griffiths, CEO at Recycling Technologies, commented: “The issue of waste plastic is clearly a growing concern within the industry and to the wider public. This report outlines a clear strategy for the industry to provide better recycling rates by turning waste plastic into a resource that can be re-used. At Recycling Technologies we have designed and developed a chemical process that can contribute to creating a better system for plastics”.
Dame Ellen MacArthur, Founder of the Ellen MacArthur Foundation, commented: “Acting on the findings of the report published just a year ago, here in Davos, the New Plastics Economy initiative has attracted widespread support and provides a clear plan for redesigning the global plastics system. We now see strong initial momentum and alignment around the direction to take, paving the way for concerted action.”
Categories : Around the Industry