Tech giant HP recently spent $2 million to help improve infrastructure for recovering plastics at risk of entering the ocean. The investment is expected to create jobs in an impoverished area and move more material into the recycling stream.
Executives from large resin makers say circular economy principles are key to their companies’ long-term viability. Putting such a strategy into action will be no easy task, however.
Envision Plastics has had success integrating marine plastics into the supply chain. But if more brand owners don’t step up to purchase the material, the whole effort may have to scale back, an executive at the reclaimer said.