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:
- Russia plans to ban the use of disposable plastics by 2024, Natural Resources and Environment Minister Alexander Kozlov said Thursday. Banned goods would include disposable plastic straws, plates, glasses, lids and appliances; coffee capsules; cotton swabs; opaque and colored PET bottles; boxes and packs for tobacco products; blister packaging (except for medicines); egg cartons; and several types of bags. (The Moscow Times)
- Swedish Plastic Recycling is set to invest €98 million in a new facility that it says will be able to recycle “practically all kinds of plastic packaging” completely without CO2 emissions. The new state-of-the-art facility, which will be based in the city of Motala, is set to be completed by 2023. (Packaging Europe)
- A report commissioned by the World Wildlife Fund has shown that unless action is taken, the cost to society, the environment and the economy of plastic produced in 2040 will rise to $7.1 trillion, equivalent to 85% of global spending on health in 2018. To address this crisis on a systemic level and reduce this cost, WWF is calling on governments to start the negotiation of a legally binding global treaty on marine plastic pollution at the fifth session of the UN Environment Assembly in February 2022. (ICIS)