European plastics manufacturers have agreed a “Plastics Transition” roadmap that aims to accelerate the transition to make plastics circular and net zero lifecycle emissions.
The “Plastics Transition” roadmap highlights what Plastics Europe calls the “urgent need” for a policy framework that stimulates circular markets and investments.
Plastics Europe says its vision is to create a sustainable plastics system that continues to meet consumer and societal demands while supporting the transitions of many downstream industries. Circular plastics
The roadmap establishes a pathway to reduce greenhouse gas emissions from the overall plastics system by 28% by 2030 and towards net zero by 2050. It also predicts that circular plastics could meet 25% of European demand in 2030 and 65% by 2050.
Cumulated additional investments and operational costs to reach these ambitions are projected to be €235 billion, Plastics Europe says.
The roadmap identifies several “key levers and enablers”, and details immediate, short, and medium-term milestones and actions for plastics manufacturers. It also says that circularity requires a whole value chain approach and includes recommended actions for policymakers and value chain stakeholders between now and 2030.
For the first time our industry is united around a hugely ambitious but realistic plan to redesign the European plastics system.
Virginia Janssens, Managing Director of Plastics Europe, commented: “For the first time our industry is united around a hugely ambitious but realistic plan to redesign the European plastics system – the ‘Plastics Transition’ roadmap. It will be our North Star for the years to come and reflects a profound cultural shift that has taken place in our industry.” Circular plastics
The roadmap also calls for a European waste management system fit for a net zero and circular economy, minimum circular plastic content targets for key plastics applications, and unlock industry investments in, for example, chemical recycling infrastructure.
Marco ten Bruggencate, President of Plastics Europe, and Dow EMEA Commercial Vice President Packaging and Specialty Plastics said: “We are excited about the opportunity the Green Deal provides to create a thriving and competitive European plastics industry that allows us to increase investment and innovation in circularity and decarbonisation.
Amcor, SK Geo Centric partner for supply of recycled content
Amcor, a global leader in developing and producing responsible packaging solutions, announced today that it has signed a Memorandum of Understanding (MOU) with SK Geo Centric (SK), a leading petrochemical company based in South Korea, to source advanced recycled material primarily in the Asia Pacific region beginning in 2025.
The MOU with SK will enable Amcor to provide access to packaging solutions using recycled content for food and healthcare customers in key markets in Asia Pacific, as well as globally, building on Amcor’s existing global access to advanced recycled material through ExxonMobil, as well as its recent investment with Licella in Australia. Combined, these partnerships will help Amcor take another important step toward achieving its target of 30% recycled content across its portfolio by 2030. Circular plastics
“Our ability to deliver more sustainable packaging solutions containing recycled material is increasingly important to customers in all consumer categories,” said Mike Cash, president of Amcor Flexibles Asia Pacific. “These partnerships will help enable Amcor to unlock opportunities for food and healthcare customers to leverage recycled content in their packaging, and will also foster a circular economy by significantly reducing the need for virgin plastic.”
SK Geo Centric CEO Na Kyung-soo said, “We are committed to contributing to a circular economy by expanding the supply chain where pyrolysis oil, produced from end-of-life plastic, can provide recycled content in consumer packaging. Providing Amcor with access to that material is an important step forward.”
SK extracts pyrolysis oil from end-of-life plastic waste that would otherwise be sent to landfill. SK is using post-processing technology the company developed.
This can then replace crude oil as a feedstock for petrochemical processes and subsequently polyethylene to make new sustainable packaging materials for our customers. Circular plastics