Chemicals, plastic makers to focus on curbing SE Asia plastic waste

August 27, 2019

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A global alliance of plastic makers and consumer goods companies said on Tuesday it would prioritize much of its $1 billion funds to curb plastic waste in Southeast Asia. The Alliance to End Plastic Waste (AEPW), consisting of 40 companies based around the world, committed $1 billion to an anti-plastic waste fund when it was launched earlier this year, pledging to invest half a billion more in within the next five years. The group, now headquartered in Singapore, said the money would finance city partnerships and infrastructure to support waste management in Southeast Asian countries, which are among the world’s worst ocean polluters. “We recognize that Southeast Asia is an area where we want to put significant attention,” Jim Seward, a vice president of chemicals maker LyondellBasell, one of the group’s members, said a media event. “We want to demonstrate working with our partners and stakeholders across the region through investment, that the problem is solvable.”

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