In our world today, there is a growing plastic waste problem, and solving it is a major challenge. Plastic waste pollutes the marine ecosystem and devastates ocean environments. All companies using plastic (resins) need to change the way they do business. That’s where an important shift comes in – a change from the environmentally damaging business cycle of production-consumption-disposal to the sustainable cycle of production-consumption-collection-recycle. We promote material recycling that involves the re-use of plastic waste. A key shift is also occurring in bioplastics, which helps to lower our carbon footprint and reduce our dependence on fossil fuel resources.
EcoBlue has been working to develop rPET grade suitable for food contact applications over the past few years. The company have received a Letter of No Objection from US FDA for rPET for food contact use. Being a part of the recycling industry over these years and also working on developing rPET grades suitable for food contact, has given EcoBlue a first-hand experience of the various elements at play in the recycling industry in the region.
Pranay Jain shares his insights with other stakeholders involved the pertinent factors that he feels have an influence on improving circularity of plastics in Asia.
PET bottles containing post-consumer recycled material will soon be the norm, not the exception. European Union law says that from 2025, PET beverage bottles will have to contain at least 25 % rPET (calculated as an average for all PET bottles placed on the market within any member state). That figure will rise to 30% from 2030. Similar pieces of legislation are being introduced in other regions of the world too.