Sector News

Dow joins WEF plastics program

October 2, 2018
Chemical Value Chain

Dow Chemical Company announced on Monday that it is joining the Global Plastic Action Partnership (GPAP), an initiative conceived by the World Economic Forum (WEF) to bring business, national and local governments, experts, and community groups together to tackle marine waste. Other corporate partners include Coca-Cola Company and PepsiCo.

“Dow, across the whole manufacturing value chain, understands the important role materials innovation will play in solving this critical global challenge,” says Jim Fitterling, CEO of Dow. “Through innovation and collaboration, Dow is committed to improving the recyclability of plastics and will help facilitate the world’s transition to a circular economy, where waste is captured, valued and designed into new products and services.”

GPAP’s first collaboration will be with the Government of Indonesia, where the government has a national plan to reduce plastic waste by 70% over the next seven years. GPAP aims to have investable localized solutions in place by 2020, which can then be adapted and implemented in other countries. The partnership will announce collaborations in two other coastal nations—one in West Africa and a small island developing state—in the coming months. These three proof-of-concept projects will coincide with the UN’s next landmark ocean conference.

By: Rebecca Coons

Source: Chemical Week

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