Industry groups invest $1bn in new plastics alliance

Written by: Jo Gallacher | Published:
?The Alliance to End Plastic Waste (AEPW) is made up of 30 member companies

An alliance of global companies from the plastics and consumer goods value chain has launched a new organisation to reduce plastic waste in the environment.

The Alliance to End Plastic Waste (AEPW) is made up of 30 member companies across the plastics value chain including household brands Procter & Gamble, Shell and Veolia.

It has committed over $1 billion (£778m) to develop solutions that will manage plastic waste, with a goal to increase that to $1.5 billion (£1.2bn) over the next five years.

The firms will invest in projects including partnering with cities to design waste management systems where infrastructure is lacking and developing an open source information system which will share reliable data collection and metrics globally.

They will also support Renew Ganga project, which targets river plastics starting in India around the Ganges.

It is estimated that the Ganges contributes 1.2bn lbs of plastic waste to the oceans each year.

Antoine Frérot, Veolia chairman and vice chairman of the AEPW, said: “Addressing plastic waste in the environment and developing a circular economy of plastics requires the participation of everyone across the entire value chain and the long-term commitment of businesses, governments, and communities.

"No one country, company or community can solve this on their own.”

This material is protected by MA Business Ltd copyright.
See Terms and Conditions.


Please view our Terms and Conditions before leaving a comment.