Plastic Recycling The Circular Economy is Here!

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Industry players have come up with innovative new technologies such as chemical recycling to ensure that even hard-to-recycle plastics can be recycled by converting it into raw materials in order to create new virgin plastic products. Not only this, entire value chains can now be sustainably transformed by utilizing not only recycled feedstocks but also renewable feedstocks for the production of plastics.

A ‘circular plastics economy’ is the need of the hour as the concept can help to reduce plastic waste as well as slash greenhouse gas emissions especially in the background of national policies such as ‘Reach’ (Registration, Evaluation and Authorization of Chemicals) in Europe and ‘EPA’ (Environmental Protection Agency) in the USA. Diverse aspects such as using new technologies to recycle difficult to recycle plastic waste, producing plastics from non-fossil fuel feedstocks, and even enhancing the life of the plastic by redesigning the plastic manufacturing process must be focused on to achieve the circular economy of plastics. This means that industry players will have to move away from a linear model to a circular one, however, this is not easy as new technologies and production methods will have to be developed and incorporated into the process but the good news is that industry leaders have already made significant progress in this regard.

Chemical recycling or advanced recycling or molecular recycling