Our vision is to create a fully circular economy for plastics, where every piece of post-use plastic is recycled, reused or repurposed. Developing a circular economy for plastics will involve complete value chain engagement. In addition to working directly with our customers on product-specific solutions, we are supporting initiatives across the globe to develop circular economy solutions, expand plastics recycling and identify new end-market opportunities for mechanically recycled plastics. Our advanced recycling program that produces Marlex® Anew™ Circular Polyethylene and our founding membership of the Alliance to End Plastic Waste are just two examples of how we are generating value from plastic waste and making tangible progress toward a circular economy.
We aren’t alone in our journey to eliminate plastic waste on land and in the ocean. Around the world, plastic industry associations have created nearly 400 projects dedicated to preventing marine litter since 2011. CPChem is among more than sixty companies across the plastics value chain that form the Alliance to End Plastic Waste, a global organization cultivating programs that recover and create value from plastic waste. In addition to financial support, our company welcomes opportunities to share our technical expertise and best practices to advance progress in eliminating ocean debris.
Further, we participate in several industry commitments and declarations, supporting the American Chemistry Council and PlasticsEurope pledges that 100% of plastic packaging will be reused, recycled or recovered by 2040. CPChem has also committed to the Circular Plastics Alliance goal toward the use of 10 million tons of recycled plastics to make new products in the EU by 2025.
Plastics are a valuable resource that offer sustainable solutions to our daily lives. However, the world is facing an undeniable waste management problem. Across the globe, we are delivering on our commitments to reduce unmanaged plastic waste through financial contributions, research, leveraging the exceptional talent of the CPChem family and more. Our sustainability initiatives are quickly growing in number and influence, and we continue to develop solutions to complement our dedicated approach to eliminating plastic waste.
Our goal is not only to end post-consumer plastic waste, but also to keep plastic where it belongs throughout the manufacturing process.
Founding member of the Alliance, an organization working with companies across the plastics value chain that have pledged more than $1.5 billion to keep plastic waste out of the environment.
Publishing education materials to encourage open discussions about the value of plastics and recycling.
Working toward industry goals of achieving 100%
reuse, recycling or recovery of plastic packaging by 2040.
Supporting our communities through litter cleanup events, volunteerism, financial contributions and more.
Following through with deepened commitment to plastic management practices across U.S. and similar programs in Asia and Europe.
Contributed $15 million to the first investment fund dedicated to eliminating plastic waste in South and Southeast Asia.