Total becomes founding member of the new global alliance for plastic waste end
January 16 2019 - 5:45AM
Business Wire
Regulatory News:
TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT):
Total today participates in the creation of an alliance of
global companies from the plastics and consumer goods value chain
to advance solutions to help end plastic waste in the environment,
especially in the ocean.
The cross value chain Alliance to End Plastic Waste, currently
made up of nearly thirty member companies located throughout the
world, has committed over $1.0 billion with the goal of investing
$1.5 billion over the next five years to help end plastic waste in
the environment. The Alliance will develop and bring to scale
solutions that will minimize and manage plastic waste and promote
solutions for used plastics by helping to enable a circular
economy.
“By contributing to the lightening of materials, plastics
improve the energy efficiency of our everyday products and reduce
our CO2 emissions. However, it is critical to improve the
management of their end-of-life to ensure that they do not end up
in the environment, said Bernard Pinatel, President Refining &
Chemicals of Total and member of the Executive Committee of the
Alliance. Being a founding member of the Alliance is obvious for
Total, whose ambition is to become the responsible energy major.
The actions of the Alliance will complement our own efforts to
improve the energy efficiency of our products, to develop recycling
and to produce bioplastics.”
The Alliance is a not-for-profit organization that includes
companies that make, use, sell, process, collect, and recycle
plastics. This includes chemical and plastic manufacturers,
consumer goods companies, retailers, converters, and waste
management companies, also known as the plastics value chain. The
Alliance has been working with the World Business Council for
Sustainable Development as a founding strategic partner.
The Alliance today also announced an initial set of projects and
collaborations that reflect a range of solutions to help end
plastic waste:
- Partnering with
cities to design integrated waste management systems in
large urban areas where infrastructure is lacking, especially those
along rivers which transport vast amounts of unmanaged plastic
waste from land to the ocean. This work will include engaging local
governments and stakeholders, and generate economically sustainable
and replicable models that can be applied across multiple cities
and regions. The Alliance will pursue partnerships with cities
located in high plastic leakage areas. The Alliance will also be
looking to collaborate with other programs working with cities,
such as Project STOP, which is working in Indonesia.
- Funding The
Incubator Network by Circulate Capital to develop and
promote technologies, business models and entrepreneurs that
prevent ocean plastic waste and improve waste management and
recycling, with the intention of creating a pipeline of projects
for investment, with an initial focus on Southeast Asia.
- Developing an
open source, science-based global information project to
support waste management projects globally with reliable data
collection, metrics, standards, and methodologies to help
governments, companies, and investors focus on and accelerate
actions to stop plastic waste from entering the environment. The
Alliance will explore opportunities to partner with leading
academic institutions and other organizations already involved in
similar types of data collection.
- Creating a
capacity building collaboration with intergovernmental
organizations such as the United Nations to conduct joint workshops
and trainings for government officials and community-based leaders
to help them identify and pursue the most effective and
locally-relevant solutions in the highest priority areas.
- Supporting Renew
Oceans to aid localized investment and engagement. The
program is designed to capture plastic waste before it reaches the
ocean from the ten major rivers shown to carry the vast majority of
land-based waste to the ocean. The initial work will support the
Renew Ganga project, which has also received support from the
National Geographic Society.
In the months ahead, the Alliance will make additional
investments and drive progress in four key areas:
- 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; and,
- 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.
Research shows that nearly 80 percent of the plastic in oceans
begins as litter on land, the vast majority of which travels to the
sea down one of ten major rivers around the world – eight in Asia,
two in Africa. Separate research shows that 60 percent of ocean
plastics can be sourced to five countries in Southeast Asia.
The Alliance membership represents global companies and located
throughout North and South America, Europe, Asia, Southeast Asia,
Africa, and the Middle East. The following companies are the
founding members of the Alliance: BASF, Berry Global, Braskem,
Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow,
DSM, ExxonMobil, Formosa Plastics Corporation, U.S.A., Henkel,
LyondellBasell, Mitsubishi Chemical Holdings, Mitsui Chemicals,
NOVA Chemicals, OxyChem, PolyOne, Procter & Gamble, Reliance
Industries, SABIC, Sasol, SUEZ, Shell, SCG Chemicals, Sumitomo
Chemical, Total, Veolia, and Versalis (Eni).
The live global internet broadcast can be viewed at
www.endplasticwaste.org/live. The broadcast will begin at 14.00 GMT
and will last approximately 30 minutes.
For more information, please visit www.endplasticwaste.org
About Total
Total is a major energy player, which produces and markets
fuels, natural gas and low-carbon electricity. Our 100,000
employees are committed to better energy that is safer, more
affordable, cleaner and accessible to as many people as possible.
Active in more than 130 countries, our ambition is to become the
responsible energy major. Total is a founding member of the
Alliance to End Plastic Waste.
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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