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:
- A UK-based company is running an experiment to turn used plastics into oil or new polymers. Its portable “chemical recycling” plants — which can fit into shipping containers — could help eliminate some of the waste accumulated from the 350 million tonnes of plastic produced globally each year. (Financial Times)
- A new era of advanced recycling for plastics – aka “chemical recycling” – can help achieve global sustainability goals and a circular economy, one expert writes. Up to half of all global plastics packaging could be recycled by 2040 if chemical recycling technologies went into widespread use. (Forbes)
- Berry Global, one of the world’s largest producers of plastic packaging, has put circularity at the center of its successful business approach. The company’s sustainability strategy to 2025 aims to make packaging that is 100% reusable, recyclable, or compostable, as well as include 10% recycled content. (Forbes)