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How are Petrochemical Companies Doing in Shifting From Virgin Plastic?

September 22, 2022

Via: Waste360

The shale gas boom has made virgin plastic, a waste byproduct of oil and gas production, cheap and abundant. Global plastic production could increase by one-third in the next few years if the ongoing trend continues, threatening to undermine efforts around the world to deflate the explosive growth of this often short-lived material, says the Center for International Environmental Law (CIEL).

In response, governments are setting aggressive plastic reduction policies and, in some cases, bans; investors, from individuals to larger corporations are divesting from petrochemicals; and multinational collaborations have sprung to curb plastic exports.

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