Welcome to the Plastics Weekly, NEO’s regular news monitoring of the plastics industry.
Every Monday, we publish a roundup of the top developments in plastics and sustainability – from regulatory changes to company news.
This week’s highlights:
- the Coca-Cola Company will clean plastic waste from 15 of the world’s most polluting rivers by 2022. The company is partnering on the initiative with The Ocean Clean-Up project, which found that 1,000 rivers are responsible for almost 80% of river-originated plastic that enters the world’s oceans. (Forbes)
- Starbucks will offer reusable cups in all stores across Europe, the Middle East and Africa by 2025 in an effort to reduce single-use plastic waste. The initiative is part of Starbucks’s plan to become a “resource positive” company and cut carbon emissions, water usage and waste in half by 2030. (Bloomberg)
- Fifteen percent of plastics will be sustainable by 2030, according to a new report from Lux Research, which sees a tripling of global plastics recycling along with strong regulation that bans key waste generators. As chemical companies face lower demand for oil-derived products, they must invest in recycling to maintain growth in the plastics space, the report says. (Recycling International)
