Recycling Solutions
Accelerating Solutions Through Circularity Framework.
Circular Economy
In a circular economy, by contrast, we stop waste being produced in the first place. Plastics recycling is instrumental to close the loop of the circular economy by re-introducing into the economy high-quality plastic recyclates incorporated into new products. A circular economy decouples economic activity from the consumption of finite resources. It is a resilient system that is good for business, people and the environment. The circular economy is a systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution.
Measures such as waste prevention, eco-design and re-use could reduce total annual greenhouse gas emissions. Currently, the production of materials we use every day account for 45% of the CO2 emissions. Moving towards a more circular economy could deliver benefits such as reducing pressure on the environment, improving the security of the supply of raw materials, increasing competitiveness, stimulating innovation, boosting economic growth (an additional 0.5% of gross domestic product), creating jobs. Consumers will also be provided with more durable and innovative products that will increase the quality of life and save them money in the long term.
#1 Worlds More Circular
Circular Economy practices ensure products and resources (materials, water, energy, labor) in products are put to productive uses within the economy over and over again; the retained value in products and resources thereby continuing to create new business opportunities, income and jobs. Circular Economy is the way forward for a sustained and robust waste management ecosystem.
#2 Achieving UN SDGs
In September 2015, the General Assembly adopted the 2030 Agenda for Sustainable Development that includes five Sustainable Development Goals (SDGs) to address plastic waste pollution and achieve Circular Economy. The Sustainable Development Goals are the blueprint to achieve a better and more sustainable future for all.
# Less Burden on Fossil Fuels
Recycling plastic also reduces the amount of non-renewable energy used in the plastic making process, as creating new items from existing plastic uses significantly less energy than creating plastics from raw materials. This reduces the strain on the power grid, meaning oil, coal and gas are saved.
#4 Reducing Carbon Emission
Recycling and re-manufacturing plastic saves at least 30 percent of the carbon emissions that original processing & manufacturing produces. That could mean an annual savings of 30 to 150 million tons of CO2, given our previous calculations of carbon emissions from plastics production.