LyondellBasell CEO Bob Patel,
Proctor & Gamble CEO David
Taylor and Veolia CEO Antoine Frérot to lead global
alliance
LONDON, Jan. 16, 2019 /PRNewswire/
-- LyondellBasell, one of the largest plastics, chemicals and
refining companies in the world today announced CEO Bob Patel has joined with Proctor & Gamble
CEO David Taylor and Veolia CEO
Antoine Frérot in leading the newly announced global Alliance to
End Plastic Waste (AEPW).
The AEPW is the first-ever international coalition of chemical
and plastics manufacturers, converters, consumer goods companies,
retailers and waste management companies dedicated to partnering
with the finance community, government, and environmental and
economic development NGOs to find market-based solutions to ending
plastic waste in the environment. LyondellBasell is a founding
member of AEPW.
"From helping to reduce food waste and improving healthcare
products to cutting fuel consumption and emissions from lightweight
vehicles, there is no doubt that plastics have played a positive
role in improving quality of life for billions of people around the
world," said LyondellBasell CEO Bob
Patel. "But like so many other products, responsibly
managing their disposal or reuse has become a concern – not just
for governments or NGOs, but for all of us."
The nearly 30 companies and organizations that comprise the AEPW
have a goal to commit $1.5 billion
over the next five years to develop and bring to scale solutions
that will minimize and manage plastic waste and promote post-use
solutions.
"This approach is unique because it brings together and focuses
the efforts and knowledge of plastics producers, consumer goods
companies and retailers, as well as waste management companies,"
Patel said. "Having the resources and knowledge of the entire
global value chain under one umbrella with the same goal is really
very powerful."
AEPW focus areas
The AEPW's efforts will focus on four
key pillars:
- Infrastructure development to collect and manage waste
and increase recycling
- Innovation to advance and scale new technologies that
make recycling and recovering plastics easier and create value from
all post-use plastics
- Education and engagement of governments, businesses and
communities to mobilize action
- Clean up of concentrated areas of plastic waste already
in the environment, particularly the major conduits of waste, like
rivers, that carry land-based plastic waste to the sea
LyondellBasell's efforts:
With the growth of the circular economy, LyondellBasell has
increased its focus on issues related to eliminating plastic waste.
In 2018, LyondellBasell announced two key projects in this area,
namely:
- A first-of-its-kind plastic recycling venture: In
March 2018, LyondellBasell and SUEZ
entered into a joint venture to acquire Quality Circular Polymers
(QCP), a premium plastics recycling company in the Netherlands. The innovative 50/50 joint
venture leverages SUEZ's collection network and leading-edge
technology solutions to improve the identification, separation and
preparation of materials to be used as feedstock at QCP.
LyondellBasell's long-standing leadership in innovative plastic
production technology, vast experience in product development and
deep knowledge of important end markets, such as consumer goods,
are being leveraged to further grow QCP's success.
- R&D partnership on chemical recycling: In
July 2018, LyondellBasell announced
it signed an agreement with the Karlsruhe Institute of Technology
(KIT) in Germany to advance
chemical recycling of used plastics. The goal of this effort is to
develop a new catalyst and process technology to decompose
post-consumer plastic waste into clean feedstock for reuse in new
products.
For more information, please visit www.endplasticwaste.org.
About LyondellBasell
LyondellBasell (NYSE: LYB) is
one of the largest plastics, chemicals and refining companies in
the world. Driven by its employees around the globe, LyondellBasell
produces materials and products that are key to advancing solutions
to modern challenges like enhancing food safety through lightweight
and flexible packaging, protecting the purity of water supplies
through stronger and more versatile pipes, improving the safety,
comfort and fuel efficiency of many of the cars and trucks on the
road, and ensuring the safe and effective functionality in
electronics and appliances. LyondellBasell sells products into more
than 100 countries and is the world's largest producer of
polypropylene compounds and the largest licensor of polyolefin
technologies. In 2018, LyondellBasell was named to Fortune
magazine's list of the "World's Most Admired Companies." More
information about LyondellBasell can be found
at www.LyondellBasell.com
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SOURCE LyondellBasell