LG Chem joins hands with grain and oil giants to produce bioplastics
The leaders of the two largest plastic manufacturers in the world called on countries to reach a global agreement on September 1 to eliminate plastic waste in the environment, and urged governments and stakeholders around the world to promote the agreement at the upcoming United Nations meeting.
Dow Chemical Chairman and CEO Jim Fitterling (Jim Fitterling) and Lyondell Basel CEO Bob Patel (Bob Patel) participated in today's "Wall Street Journal" special event-"Arrival There: a global agreement to end plastic waste". They speak on behalf of the American Chemistry Council and the International Chemical Association Council, representing the world's leading chemical and plastic manufacturers.
The two told the Wall Street Journal that plastic manufacturers are committed and eager to increase constructive contacts with the government and other stakeholders to promote a circular economy, in which plastics are reused rather than discarded. "Simply put," Fitterling said, "our vision is to prevent plastic from entering our environment by popularizing waste collection and reuse instead of discarding plastic."
They urged support for a resolution at the United Nations Environment Assembly in February 2022 that would begin negotiations on a global agreement to end plastic waste in the environment. "We should not confuse the value of plastic with the issue of plastic waste." Patel said. "This is a global challenge that requires a global solution. With the support of the United Nations, we can develop a global framework to help us solve this critical issue."
In order to realize their vision, plastic manufacturers have proposed a set of five principles to eliminate plastic waste, accelerate the plastic circular economy, and serve as the basis for a global agreement.
All governments agree to eliminate plastic waste leakage into the environment before a specific date, and formulate national action plans and policies suitable for the region, allowing flexible adjustments according to local conditions.
Realize the widespread use of waste collection and support the deployment of technologies (including advanced recycling) to improve the recycling of plastics.
Recognize the role of plastics in a low-carbon future by supporting life cycle analysis as a means of assessing the impact of plastics and alternatives.
Support the innovation of product and packaging design by formulating global guidelines on design, recycled content and resource optimization with input from the industry.
Use a validated and coordinated method to measure the progress of plastic waste through globally recognized definitions and reporting indicators.
"Jim and Bob have played a leading role in developing solutions to eliminate plastic waste in our environment, both in their company and industry," said Joshua Bakar, vice president of the Plastics Division of the American Chemistry Council. "Plastic manufacturers look forward to participating in the discussion of the new agreement, which will help bring scalable solutions to end plastic waste around the world."
2026-08-08
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
LG Chem Enters Semiconductor Stripper Market for the First Time, Cutting Process Time by 50%
-
Japanese Plastics Market Accelerates its Shifts to Recycled Materials and Bioplastics
-
Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-Ion Battery Materials
-
LG Chem and Enilive Break Ground on South Korea’s First HVO and SAF Production Facility
-
LG Chem Considers Selling Water Treatment Business Amid Long-Term Downturn in Petrochemical Business
-
LG Chem and HL Mando to Develop Adhesives for Electronic Components
-
LG Chem Accelerates Commercial Production of 100% Plant-Based Acrylic Acid
-
South Korean petrochemical companies' profits plummet in 2024 as oversupply persists
-
Gevo and LG Chem Extend Bio-Propylene Agreement
-
LG Chem to Supply Thermally Conductive Adhesives in North America
Recommend Reading
-
Nylon Giant to Close Another European Plant, Cutting 140 Jobs
-
BASF's Zhanjiang Plant Steam Cracking Unit Commences Operation
-
GACL Approves Additional Hydrochloric Acid Unit at Dahej
-
Croda’s First-Half Profit Outpaces Sales as Beauty Actives Grow 19%
-
argenx to Acquire Forte Biosciences for $2.2 Billion in Major Autoimmune Antibody Deal
-
July Hydrogen Peroxide Market Prices Oscillate and Decline
-
July 27 Polyethylene Terephthalate (PET) Bottle Chip Prices Decline in China
-
Ethyl Acetate Prices Slightly Rise Within a Narrow Range
-
Acetic acid market trends are weak and consolidating
-
Geopolitical Risks Recede, Dealing a Heavy Blow to the Oil Market; Short-Term Easing Does Not Alter Supply Constraints
- Hot Searches
- where can i buy sulfur hexafluoride
- polyter price
- anhydrous ammonia suppliers near me
- chem pharma
- pyrazinamide
- glp-3 retatrutide buy online usa
- losartan potassium vs losartan
- research chemical website
- na 931 peptide for sale
- magnesium oxide nanopowder market
- cayman chemical sr-17018
- ultra fine ag gypsum soil conditioner