One of the world’s largest packaging producers, Amcor, has signed a deal to buy huge amounts of chemically recycled resin from one of the world’s largest plastics producers, ExxonMobil.
By the time plastic products reach their end of life, the bulk of their climate damage has already been done, according to a study that reaffirms greenhouse gasses tied to plastics are mostly generated in prime resin production, shipping and molding.
This story has been updated.
Online delivery packaging, takeaway cups and plastic drink bottles could see new targets for reuse and recycled content under proposals from the European Commission.
The Ellen MacArthur Foundation’s latest report showed that major packaging companies doubled their collective PCR percentage from 2018 to 2021. However, pandemic-related commerce trends also helped accelerate virgin plastic consumption.
Plastics producers rolling out chemical recycling technologies can access new feedstock streams by helping to finance secondary sortation facilities, according to a McKinsey study.