EQUATE Petrochemical Company became part of the Alliance to End Plastic Waste (AEPW), joining 11 other new members with a shared vision of developing and bringing to scale solutions to help eliminate plastic waste in the environment.
Dr Ramesh Ramachandran, EQUATE Group President and CEO, said the membership marks a milestone in EQUATE’s journey to create a more sustainable global and local environment.
“Joining the alliance helps to amplify our efforts to bring solutions to address a global need,” Dr Ramachandran said. “We have joined a strong team composed of the world’s top minds from across the entire plastics value chain and we look forward to being a part of the positive impact this organisation is going to have for generations to come.”
“We strongly believe that partnerships across government, industry and communities will be the key to addressing the long-term need to end plastic waste, while still recognising the critical importance of plastic in improving the lives of billions,” Dr Ramachandran added.
Naser Al-Dousairi, senior vice president of EQUATE Group, noted: “EQUATE is already active in this space, addressing the issue of plastic waste through both the company’s products and opportunities for action in local communities.”
EQUATE is also investing efforts in individuals and organisations to promote recycling, by partnering with community groups, industry and government to raise awareness on the importance of recycling and correctly recycle PET.
The alliance members have developed together a global vision and a comprehensive integrated strategy focusing on four key action pillars: infrastructure development to collect and manage waste and increase recycling; innovation to advance and scale new technologies that minimise waste; education and engagement of governments at all levels, businesses, and communities to mobilise action; and, clean up of concentrated areas of plastic waste already in the environment.
Launched in January 2019 with 27 founding members, the alliance now includes 39 companies around the world that make, use, sell, process, collect, and recycle plastics. This includes chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies. Member companies have committed over $1bn with the goal of investing $1.5bn over the next five years to help end plastic waste in the environment. The World Business Council for Sustainable Development is a founding strategic partner.
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