Together with around 40 companies, the protective packaging specialist, Storopack, has set itself the goal of eliminating the entry of plastic waste into the environment, as well as plastic waste already in the environment.
The firm has joined the international Alliance to End Plastic Waste (AEPW) which was founded in January 2019 and has already committed to funds of around $1bn US dollars. Within the next five years, at least $1.5bn will fund various projects.
"Plastic waste does not belong in the environment but in orderly recycling circuits. This is why we’re joining the Alliance with the greatest conviction and in order to make a contribution," said Hermann Reichenecker, chairman of Storopack’s Management Board.
One of the focal points of the AEPW’s strategy is the development of the necessary infrastructure. Cities and regions particularly affected by plastic waste will be supported in the development of a waste disposal infrastructure. Investments will also be made in new technologies for recycling processes and the recovery of plastics. Innovative solutions for recycling of packaging are to be created and a closed-loop economy to be made possible. Part of the budget will be used to raise awareness among the affected population.
The non-profit global initiative encompasses international corporations along the plastics value chain. The Alliance also works with the World Business Council for Sustainable Development and the United Nations Environment Program. In the future, cooperation will extend to governments, non-governmental organizations and investor groups.