Tue.
Jan 18
2022
plastics weekly

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 U.S. is the world’s largest consumer of plastic, with 2 million metric tonnes winding up in the ocean, according to a new report. Scientists call on the nation to reduce production, even as major oil companies work to expand their capacity to produce raw materials. (Bloomberg)
  • The global plastic recycling market is rapidly growing due to government and industry support, as well as overall sustainability goals. The market is expected to reach $47.3 billion by 2026, according to a new report. (Environmental Leader)
  • More use of recycled plastics is key to developing a sustainable primary plastic trade network, researchers say. But financial and behavioural difficulties will need to be addressed before a true circular economy for plastics can emerge. (Open Access Government)
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