We have an opening to eliminate plastic in the environment, let’s not waste it

Circularity is not a new concept, but it has grown in popularity in recent years to end the “make, take and waste” model for plastic materials in everything from toothbrushes to automobiles. When operated on a large scale, a circular system shapes the entire life cycle of products and conserves product resources so that they can be reused or recycled to significantly reduce waste and pollution.

Today, many consumers want the plastic materials they throw in the trash on the roadside to be recycled in landfill. And too often, buyers of recycled plastic reject certain types because of impurities that make them harder to turn into new products.

As a 30 year veteran of the plastics industry and current chairman of ACC plastics division, I know this is an ideal time to make significant strides towards a circular economy for plastics. In order to be successful, we have to develop viable solutions from the problems we see today as problems. And to get to a circulatory system, we need to catch and recycle more plastic.

Recently, Nova Chemicals partnered with Closed Loop Partners to form Dow and LyondellBasell and established the Closed Loop Circular Plastics Fund to invest in scalable recycling technologies, equipment upgrades and infrastructure solutions. This catalytic fund has an initial investment of $ 25 million with a goal of growing to $ 100 million and invites companies across the plastics value chain to get involved in plastics mining and recycling in the US and Canada to participate.

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