EU’s plastics policies and impact on petrochemical markets – the first step into a circular economy

Proposals for the first ever Europe wide strategy on plastic waste* were launched in January, aiming to commit to total plastic packaging recyclability or reusability by 2030. Europe wants to push the agenda on the circular economy, tackling the globally low average rates of throwaway plastics recycling. China’s ban on importing the world’s plastic waste from the start of this year has given a new urgency to the drive to recycle more.

Europe recycles just 41% of its plastic packaging waste, while the proposed EU target is 55% by 2030. The petrochemical and plastics industry has taken the circular economy concepts seriously for years, mindful of the threats to the business, as well as the opportunities to develop new products and feedstock streams.

* A European Strategy for Plastics in a Circular Economy

VIDEO: Circular economy journey just beginning for plastics industry

Public opinion and political power heightened pressure on the petrochemical industry in the past year to adapt to Circular Economy and recycling needs.

However, plastic resin producers began their moves towards these goals prior to 2017 by buying new capacities, redesigning packaging and bringing out new products.

Were these steps sufficient to achieve the sustainability targets set out by the European Commission in its Plastics Strategy launch? Markets Reporter Pavle Popovic discusses the outlook and context for plastics recycling in Europe in this ICIS Insight video. Download the market insight to find out more

 


ICIS has unlocked the following news stories which give you the access to an extensive coverage of Europe’s new plastics strategy and its wide implications for the primary plastics demand and for the growth of alternatives. It will continue to follow this developing story.

Insight circular economy gets big push with acc commitment on plastics

14 June 2018

Insight global focus on plastics means patterns of growth will change

08 June 2018

UK project gets £3m funding for recycling research in Scotland

06 June 2018

Austrian packaging firm ALPLA admonishes EU's single-use plastics proposition

05 June 2018

Polymer producers should seek stake in circular economy - Accenture

05 June 2018

Borealis invests €15m in German recycling firm mtm plastics

05 June 2018

UN sustainability goals kick off surge of plastic-waste activism

05 June 2018

Canada chemical, plastics groups set 100% recovery, recycling goals

04 June 2018

Chemical recycling of polymers comes of age

24 May 2018

UK's Recycling Technologies signs £50m offtake deal with InterChem

22 May 2018

US ACC sets goals to recycle, recover all plastic packaging by 2040

09 May 2018

Dow executive makes sustainability plea to Europe plastics industry

26 April 2018

UK tackles recycling with proposed deposit return scheme

28 March 2018

Plastics recycling a chance for chems, Europe could be birthplace for new opportunities - Cefic DG

06 March 2018

Electric vehicles hurdles to outweigh benefits for more than a decade - BASF CEO

01 March 2018

EU mulls new measures for 'single circular economy', taxes on plastics

22 February 2018

Borealis committed to improve plastics recycling rates, but circular economy ‘a dream’ - CEO

12 February 2018

UK making inroads into plastics recycling but true circular economy ‘unattainable’ - BPF

07 February 2018

Bio-capro, infinite recycling can secure nylon’s future in the circular economy - Aquafil CEO

06 February 2018

EU plastics recycling policies lack joint approach, need more funding - INEOS

01 February 2018

Plastics manufacturers must shift thinking to make EU packaging targets an opportunity

19 January 2018

EU wants all plastic packaging to be recyclable by 2030

16 January 2018


More news on the EU plastics recycling plan

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Plastic Resin Producers' Move to Circular Economy is Just the Start

Plastic Resin Producers' Move to Circular Economy is Just the Start

Public opinion and political power heightened pressure on the petrochemical industry in the past year to adapt to circular economy and recycling needs. However, plastic resin producers began their moves towards these goals prior to 2017 by buying new capacities, redesigning packaging and bringing out new products.

Were these steps sufficient to achieve the sustainability targets set out by the European Commission in its Plastic Strategy launch?

Download this market insight by Pavle Popovic to find out more.

Polymer Sustainability Challenges

Polymer Sustainability Challenges

Would our lives be really that much worse if we had to buy a re-usable cup and remember to take it with us every time we visit an espresso bar? Will sustainability replace globalisation as the biggest value driver for the polymers industry?

Download this insight by ICIS Consultant John Richardson to find out about the challenges faced by the new EU Plastics Strategy.

Plastic Packaging and the Circular Economy

Plastic Packaging and the Circular Economy

The world won’t do without plastics but producers, converters, retailers and consumers are being prodded into doing more with less.

Download this insight by Nigel Davis, reporting on the increased global use of plastic packaging, as this topic is more closely scrutinised.

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