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More than half of the plastic packaging that twenty companies spend

More than half of the plastic packaging that twenty companies spend

Analysis of plastic production shows that only twenty companies produce more than half of all discarded plastic packaging rejected in the world. She informed me about it BBC stations.

A study led by a consortium of researchers led by the Australian Mindrow Foundation examined the raw materials needed to make disposable packaging, such as a thousand factories processing polymers, plastic bottles, foil and bags.

This created the first complete overview of the petrochemical companies, which form the basis of the supply chain of these products. Twenty of them make up 55 percent of the materials used to make disposable packaging, which often ends up at sea, for example.

The study also assessed which countries produce the most waste plastic waste per capita. Australia came in first, with the average population throwing 59 kilograms of plastic a year. It was followed by the United States at 53 kg and South Korea at 44 kg.

The largest manufacturer of disposable plastic packaging is the US mining company ExxonMobil. Dow, Synobeck, Indorama Ventures, Saudi Aramco, Petrosina, Lionel Basel, Reliance Industries, Broschem, Albec SADCV, Borealis, Lotte Chemical, Inios, Total, Jiangsu Hyulon Petrochemical, Pharma Group, PDT and China Resources.

“The future of the plastic crisis is only in the hands of twenty companies,” said Dominic Charles, CFO of the Mindoro Foundation. “Regulators and financial institutions will have a significant impact on stopping the production of plastic from fossil fuels and the production of recycled plastic,” he said.

“Reliance on oil and gas not only causes climate change, but also destroys the oceans due to the production of disposable packaging,” said Sam Funkhouse, a professor of climate economics at Oxford University who is one of the contributors to the study.

“In order to successfully tackle these interconnected crises, it is important for petrochemical companies to move to alternatives based on the circular economy,” Funkhouse said. “The benefits of this change are very beneficial not only to our environment but also to the communities that live as a result of plastic pollution,” he said.

ExxonMobil, the largest manufacturer of plastic polymers, says it shares social concerns about the effects of plastic waste. “We are taking steps to address plastic waste by increasing plastic recycling capacity, promoting recycling as our member in the Plastic Waste Disposal Alliance, and reducing the loss of plastic particles during our operations,” the company said in a statement.