Borealis, a leading supplier of innovative solutions for polyolefins, chemical raw materials and fertilizers, has signed the 'A Line in the Sand' agreement for the new plastics economy – a global agreement to eliminate plastic pollution at the source.
At present, 250 global organizations, including large global packaging manufacturers, brands, retailers and recyclers, as well as government and non-governmental organizations, have signed this global agreement to eliminate plastic waste and pollution from the source. 20% of companies engaged in plastic packaging production signed the agreement.
The New Plastics Economy Global Agreement was organized by the Allen MacArthur Foundation in cooperation with UNEP and officially announced on October 29th at 'Our Ocean Conference' in Bali, Indonesia.
Nordic Chemical CEO Alfred Stern
'We are convinced that as long as everyone works hand in hand, companies and governments can solve the problem of plastic pollution from the source,' explains Nordic Chemical CEO Alfred Stern. 'As a plastics manufacturer, we are helping to solve the problem of plastic waste and recycling. Take the lead. We not only support the 'A Line in the Sand' global agreement, but also promise to increase the amount of recycled plastic by more than four times by 2025, and will further expand our Project STOP program to help eliminate marine plastic pollution.'
The global agreement is aimed at the 'new situation' of the plastic packaging industry. The association will review the proposed targets every 18 months and will take more active actions in the next few years. Companies signing agreements must publish annual progress data to Help promote the development of recycled plastic packaging and ensure transparency.
The main thrust of the agreement includes:
Abolish the problem plastic or unnecessary plastic packaging, once the plastic packaging mode is changed to recycled plastic packaging mode.
Committed to innovative R&D to ensure that 100% of plastic packaging can be easily and safely recycled, recycled or degraded by 2025.
Recycling plastics by significantly increasing the amount of reusable or recycled plastic and reforming it into new plastic packaging or products.
Eliminating problematic plastics or unnecessary plastic use is an important part of the vision of the global agreement and helps preserve the economic value of the remaining plastics and prevent plastic contamination.