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Accelerating Circular Supply Chains for Plastics

Year of Publication

2021

Closed Loop Partners released a report, "Accelerating Circular Supply Chains for Plastics," which highlights the potential for repurposing waste plastics through innovative technologies to reduce landfill costs and decrease marine pollution.

Source:

Closed Loop Partners

Author(s):

Geography:

Global

Type:

Strategy

Purpose of Measurement:

Understanding the Problem, Solution Sets and Impact Potential

Impact theme(s):

Material Flows, Capital Flows

Closed Loop Partners released a report, "Accelerating Circular Supply Chains for Plastics," which highlights the potential for repurposing waste plastics through innovative technologies to reduce landfill costs and decrease marine pollution. The report suggests that purification, decomposition, and conversion technologies can play a vital role in repurposing waste plastics into valuable materials. The market demand for these technologies is estimated to be worth $120 billion in the US and Canada alone, and there are over 60 technology providers with significant potential to grow and scale. However, new solutions and business models integrating innovations with existing infrastructure are required to drive market incentives.

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