Conference Background

The circular economy represents an alternative, more sustainable model to the traditional linear economy, which will further enhance industry competitiveness and resource efficiency. The unique characteristics of plastics enable them to play a major role on the road to a more sustainable and resource efficient future. Lightweight, versatile and durable plastics can help save key resources such as energy and water in strategic sectors that include packaging, building and construction, automotive and renewable energy, to name but a few. In addition, plastics applications in packaging can help reduce food waste. However, to improve the circularity of plastics, it is essential to make sure that more and more plastic waste is recovered and doesn’t end up in landfill or in the environment. The challenge of curbing plastic waste dates to the dawn of the modern environmental movement. More recently, concerns over plastic litter, particularly in marine environments, has reached feverish pitch among consumers, governments and companies themselves. Addressing the waste challenge requires engaging the entire plastics value chain, from polymer manufacturers to brands to waste haulers, in order to create truly systemic solutions.

According to the reliable industry market research data, only 14 percent of plastics are recycled, resulting in a loss of as much as $120 billion a year to the global economy. In recent months, some of the world biggest brands and plastics manufacturers have issued bold challenges to create new supply chains from plastic waste. It’s a critical start, but success will require broad, global engagement among companies, governments, policy makers and others to create a truly circular plastics economy.

It’s against the above-mentioned industry background that we are launching out the upcoming China & Asia Circular Plastics Summit 2020, which will gather a good amount of industry professionals and decision makers coming from all across the plastics value chain, including brand owners or end users, discussing circular plastics development from perspectives of chemical/petrochemical, machinery, supply chain, technology innovation, R&D and recycling, etc., aiming to keep plastics in the economy, out of the environment.

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