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Coalition of world's biggest plastic producers launch US$1.5 billion fund

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  • 18 Jan 2019
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Plastic polluters launch US$1.5 billion waste collection and recycling fund in Southeast Asia

A coalition of the world’s biggest plastic producers and users has set up a new US$1.5 billion fund to improve waste collection and recycling, focused in Southeast Asia. The Alliance to End Plastic Waste is made up of 30 companies including Shell, ExxonMobil, Dow, and Procter & Gamble. The alliance was coordinated by the World Business Council of Sustainable Development, which has set up an office in Singapore to help manage the project. The alliance includes a programme to help design waste management systems in cities where infrastructure is lacking, and create an information hub to support waste management projects globally. The initiative, however, has been criticised by some NGOs for focusing on clean-up, rather than seeking to reduce the use of plastic by adopting alternative packaging.

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