TAGS: Green and Bioplastics
Dow
has signed collaboration agreement with SCG to develop new recycling solutions to tackle plastic waste. This collaboration focuses on reducing environmental pollution due to plastics and to create circular economy for plastics in Thailand.
Jim Fitterling, Chief Executive Officer of Dow said: “Our industry and society as a whole must do a better job of capturing and reusing plastic by scaling investments in collection, waste management, recycling technologies and new end-markets. Dow continues to join forces with partners across the globe to more effectively reuse and recycle plastic waste. Working together with companies like SCG we can create a world where no plastic ends up in the environment.”
The agreement was signed upon the shared vision to improve plastics waste management and to reduce plastic leakage to the environment.
Developing Recycled Resin and Products Together
The products anticipated from this collaboration are:
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mechanical recycling
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renewable feedstock recycling which includes recycled resins, recycled products made from plastic waste, petrochemical feedstocks from plastic waste and renewable plastic resins.
“This collaboration not only represents our joint commitment in taking action to solve the problems through technology and making real changes but also provides us with new business opportunity, enhancing sustainability and bringing about practical solutions for recycling and upcycling of plastic waste in Thailand,” said Roongrote Rangsiyopash, President and Chief Executive Officer of SCG.
Supporting Thai Govt. Vision for Circular Economy
Jonathan Penrice, President of Dow in Asia Pacific said: “Circular economy is an economic opportunity as much as a solution to a pressing environmental issue, we will build on Dow’s unique materials science and application knowledge and our 50-year experience in Thailand to develop solutions that maximize the value of plastics in the country.”
The collaboration is aligned with the Thai government’s ambition to increase plastic waste recycling by 2027. This solution will add value to low or no value plastic waste such as multi-layer plastic packaging and contaminated plastic waste.
Dow and SCG are founding members of non-profit organization, Alliance to End Plastic Waste partnering with the finance community, government and civil society, including environmental and economic development NGOs to make the dream of a world without plastic waste a reality.
Source: Dow