As reported by edie, the European Commission unveiled its new Circular Economy Action Plan in March this year. The new plan outlined a sweeping set of commitments aimed at ensuring that circularity and resource efficiency act as a “prerequisite for climate neutrality” in line with the European Green Deal and Industrial Strategy. We welcome, at SABIC, the EU’s ambition with the Plan, as it aligns with our goals to transform the way products are made, provide consumers with sustainable solutions that address product performance needs, and address global environmental challenges.
Delivering these circular solutions is not only good for the environment but also for business and strengthening collaboration across the value chain. At SABIC, our sustainability vision is based on our wider understanding of economic, social and environmental factors. It sits at the heart of our process, product, and application innovation to support the development of effective solutions to some of the world’s greatest sustainability challenges, including carbon emissions, single-use plastics and recyclability.
The Plan focuses on key sectors for the chemical industry, including packaging and plastics, given their high potential for circularity. This focus is not surprising given that the chemical industry and its customers are facing increased concerns around the sustainability and circularity of their products. Inefficiencies across the circular value chain are driving consumers and governmental bodies to take action by changing preferences or policies, as the Plan demonstrates, often toward solutions that create additional challenges.
Source: Edie
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