Major Consumer Goods Companies Signal Shared Demand for 800,000 Tons of Chemically Recycled Materials

The Coalition conducted a survey of member companies which revealed that there is demand for at least 800,000 tons of chemically recycled materials per year by 2030. By expressing their interest in procuring these materials, companies are sending a strong signal to regulators and investors of the need for scale in plastics chemical recycling infrastructure while meeting the necessary environmental safeguards laid out in the Coalition's Vision and Principles paper. Demand for chemically recycled material does not reduce the need to continue the scale-up of mechanical recycling infrastructure. It is primarily focused on demand which cannot be met at scale by mechanically recycled materials today (e.g., food-contact flexible packaging applications).

The Coalition conducted a survey of member companies which revealed that there is demand for at least 800,000 tons of chemically recycled materials per year by 2030. By expressing their interest in procuring these materials, companies are sending a strong signal to regulators and investors of the need for scale in plastics chemical recycling infrastructure while meeting the necessary environmental safeguards laid out in the Coalition's Vision and Principles paper. Demand for chemically recycled material does not reduce the need to continue the scale-up of mechanical recycling infrastructure. It is primarily focused on demand which cannot be met at scale by mechanically recycled materials today (e.g., food-contact flexible packaging applications).

The Coalition members signing this letter include: Amcor, Barilla, Colgate Palmolive, Danone, Ferrero, Haleon, Henkel, Mars, Incorporated, McCain Foods, Mondelēz International, PepsiCo, Unilever.

About The Consumer Goods Forum's Coalition of Action on Plastic Waste

The Consumer Goods Forum ("CGF") Coalition of Action on Plastic Waste was founded in 2020 with the aim of developing a more circular approach to the development and processing of plastic packaging in the consumer goods industry. The development of the Coalition builds off the CGF's 2018 endorsement of the Ellen MacArthur Foundation's New Plastics Economy. As a CEO-led group of 42 committed and innovative retailers and manufacturers, the Coalition's vision of accelerating progress towards the New Plastics Economy is embodied by its central aims for members to work towards implementing impactful measures through multi-stakeholder collaborations that will help make circularity the norm in the industry. For more information about the CGF's work reducing plastic waste, visit www.tcgfplasticwaste.com.

Contact

Ignacio Gavilan
Director, Environmental Sustainability
[email protected]

Louise Chester
Communications Manager
[email protected]

Logo - https://mma.prnewswire.com/media/1279200/The_Consumer_Goods_Forum_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/major-consumer-goods-companies-signal-shared-demand-for-800-000-tons-of-chemically-recycled-materials-301646377.html