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🏭 Currently, we generate around 360 million tons of #PlasticWaste annually. By 2050, this figure will increase to 500 million. ♻️ On the bright side, the recycling rate for total plastic waste will also increase significantly, reaching around 45% by 2050. Growth drivers include regulatory pressure, #sustainability demand, and technological advancements. Which other developments will occur in the arena of global plastic #WasteManagement? ➡️ https://lnkd.in/eC-NicM4 #RolandBerger Dragos Popa, Dr Darren Perrin, Hani Tohme, Mario Sanchez

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The projected growth forecasts appear to be at odds with those from the OECD: “In the Baseline scenario, global plastics use is projected to triple between 2019 and 2060, from 460 million tonnes (Mt) to 1,321 Mt, mainly driven by economic growth”. Actual recycling only arises at the point of virgin substitution in new product manufacture. Prior to this point, the actual recyling rate is 0%. Where is the plastics industry market demand pull through for any such 45% quantum? It is lacking at present. Prevention of this supply side growth is an easier ask. 1. No circular economy business model for it (PET to rPET to wPET is a linear one), then ban it. 2. Bottlers(eg), one tonne virgin used by you/placed on the market, you take back one tonne of recovered / baled plastic bottles directly. The infrastructure investment/cost is yours. In effect, a simple reverse logistics model, not a waste management one. EPR in a true sense. 3. COP 28 made a statement about transitioning away from fossil fuels; if this is the case, what happens to plastics? https://www.oecd-ilibrary.org/sites/aa1edf33-en/1/3/2/2/index.html?itemId=/content/publication/aa1edf33-en&_csp_=ca738cf5d4f327be3b6fec4af9ce5d12&itemIGO=oecd&itemContentType=book#:

Thomas Baldt

Facilitating #impactinvestments in Recycling.

3mo

Experts4Recycling a firm of #consultingengineers highly specialized in #wastemanagement and #recycling remains at everyone’s service to contribute in significantly boosting #recyclingrates for #plastics. We have the expertise and tools to develop smart concepts which deploy the latest technologies including #AI powered process monitoring and #sensorfusion.

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Kim Ragaert

Full Professor - Chair of Circular Plastics at Maastricht University

3mo

Look forward to the read

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