INEOS commits to fight against plastic waste
Our expert's opinion
"Ineos sets targets to move their business to a more circular approach for plastic packaging. These targets need to be met by 2025. I am happy that a global leader as Ineos takes responsibility in the fight against plastic waste and pollution to reduce its impact on the environment."
- Imke Bongers, Senior Associate
INEOS pledges its full support to help create a circular economy
INEOS shares many of Dame Ellen MacArthur's views on how to help tackle the plastics issue and has recently announced its own global plastics pledge to move towards a more circular economy for plastic packaging.
INEOS has thrown its considerable weight behind global efforts to create an economy in which plastics are reused over and over again.
It has joined with other leading businesses and governments from across the world who want to transform today’s take, make, dispose economy into one where plastics are designed to be used over and over again – and, in doing so, retains their value and keeps them out of the ocean.
INEOS has agreed four key pledges to be met by 2025.
“This isn’t just a PR exercise,” said Peter Williams, Group Technology Director for INEOS. “We are global leaders working on solutions to address a part of the root causes of plastic waste and pollution. Everyone has a role to play in helping to tackle this issue, Government, industry, NGOs and the public, worldwide. We are doing our bit.”
Plastics play a fundamental role in modern life. They have transformed many of the applications in which they are used – for the better.
For example, lighter stronger vehicle components mean safer transport requiring less fuel or power. Packaging that protects and preserves food, reducing food waste and the need for preservatives. Sterile packaging helps to improve healthcare in cities and inaccessible parts of our world whilst insulation makes modern buildings far more energy efficient.
INEOS produces high-value plastic that transforms lives for the better.
100% of INEOS polymers are recyclable, but currently, only about 14% of plastic gets recycled. Much of it ends up in landfill.
The cost to the environment is huge and has been widely reported.
But, according to a report by the World Economic Forum and Ellen MacArthur Foundation, plastic packaging waste also costs the world economy about $80 billion every year.
As part of its commitment to a New Circular Economy, INEOS has set itself four ambitious targets to meet by 2025.
We think it is possible – through innovation and partnership – to retain the value of plastic but rethink the way we produce, use and recover it at the end of their life.
“We want to inspire others and we are leading by example,” said Tom Crotty, INEOS Director of Corporate Affairs.
INEOS is already making progress.
It is currently working with brand-owners to simplify packaging design to make it easier to recycle.
And it is working with waste companies to explore the opportunities of mechanical and chemical recycling of plastics, and its own polymer scientists to find new products that can be made with larger amounts of recycled product without losing any of the quality.
“Plastic has no place in landfill and certainly not in our seas,” said Tom. “It not only has a detrimental effect on the environment but it is also a terrible waste of a valuable resource that should be collected so that we can recycle it.”
In this edition, INCH focuses on how plastics have changed the world for the better, what the plastics’ industry is doing to combat plastic pollution and INEOS’ innovative efforts to ensure plastic remains the material of choice for the 21st century.
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