On January 16, an alliance of global companies from the plastics and consumer goods value chain launched a new organization to advance solutions to eliminate plastic waste in the environment, especially in the ocean. The cross value chain Alliance to End Plastic Waste (AEPW), currently made up of nearly thirty American Chemistry Council (ACC) member companies, has committed over $1.0 billion with the goal of investing a total of $1.5 billion over the next five years to help end plastic waste in the environment.
Founding companies, many of which are HCPA members, include: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM, ExxonMobil, Formosa Plastics Corporation, U.S.A., Henkel, LyondellBasell, Mitsubishi Chemical Holdings, Mitsui Chemicals, NOVA Chemicals, OxyChem, PolyOne, The Procter & Gamble Company, Reliance Industries, SABIC, Sasol, SUEZ, Shell, SCG Chemicals, Sumitomo Chemical, Total, Veolia, and Versalis (Eni).
Per the AEPW’s release, “Everyone agrees that plastic waste does not belong in our oceans or anywhere in the environment,” said David Taylor, Chairman of the Board, President and CEO of The Procter & Gamble Company. “This is a complex and serious global challenge that calls for swift action and strong leadership. This new alliance is the most comprehensive effort to date to end plastic waste in the environment. I urge all companies, big and small and from all regions and sectors, to join us.” Read the full release here.
To read a copy of HCPA’s press release, click here.
The HCPA is extremely pleased to see so many of our members participating in this much-needed initiative. If you have any questions about how your company can get involved with the AEPW, please contact Owen Caine, Executive Vice President, Government Relations & Public Policy at firstname.lastname@example.org.