Page 53 - Plastics News Issue March 2024

BUSINESS NEWS

digital product certification and trace-
ability from cradle to grave should be
in place. At this point, landfilled plas-
tics should be reduced by 30% and
single-use plastics phased out com-
pletely.
The authors hope the roadmap can
support the Government of India and
industry associations in responding to
the requirements of the United Na-
tions Global Plastics Treaty, set to
come into force in 2024.
The roadmap was produced as part
of an Australia-India Comprehensive
Strategic Partnership involving an in-
ternational team of Australian and
Indian research institutes including
CSIRO, the University of New South
ity will require government-finance- to be in place already by 2025. The Wales, the University of Technol-
research-industry collaboration. Me- academics suggest hosting a National ogy Sydney Institute for Sustainable
chanical and chemical recycling will Expo of Technologies to promote the Futures, The Energy and Resources
both play a role, they said, as will ar- ‘Make in India’ campaign. By 2030, re- Institute (TERI), the Council of Scien-
tificial intelligence, reverse logistics, cycling capacity should grow to 18.8 tific and Industrial Research-National
and smaller-scale community-based million tonnes and digitalisation of Environmental Engineering Research
solutions. the flow chain of polymers should be Institute (CSIR-NEERI) and Develop-
According to the roadmap, plastics re- mandatory. By 2025, recycling capac- ment Alternatives.
cycling and sorting infrastructure has ity should hit 35.2 million tonnes and

What’s Currently Happening in the Plastic Industry?

his quarterly report is derived a wake-up call for corporations, in- cling and Australia’s largest PET
Tfrom an in-depth analysis of all ventors, and legislators alike, as well recycling facility demonstrate a
key events that are happening around as an environmentalist’s worst night- sustainable shift.
the plastic industry today. You can mare. Recent quarterly trends in the • Corporate Environmental Ini-
catch up on the latest, must-know plastics industry highlight a shift to- tiatives: Companies like Lyon-
breakthroughs, major acquisitions & wards sustainability amidst regulatory dellBasell and Wisewell are crea-
investments, and other events in the challenges and innovation. From the tively repurposing plastics, while
plastic industry landscape, covering latest industry events to important Lidl GB and Coca-Cola focus on
everything from the growing focus partnerships in the field, this quarterly sustainable packaging.
on sustainable practices and recycling plastic industry news brief for January, • Regulatory Push for Sustainable
initiatives to cutting-edge innovations February, and March 2024 provides Practices: From Australia’s levy
like UV-biodegradable plastics and a comprehensive snapshot of what is on virgin plastics to Canada’s fed-
self-healing materials. happening in the global plastic indus- eral plastics registry, global regu-
Did you know that by 2050, our seas try today. latory actions are spurring envi-
may contain more plastic by weight Key Takeaways ronmental accountability.
than fish if current trends in plastic • Increased Recycling Efforts: No- • Innovation in Plastic Alterna-
production and waste management table growth in U.S. plastic recy- tives: Developments like UV-bi-
continue? This alarming prediction is

PLASTICS NEWS 55
March 2024