With more plastics piling into rivers and oceans, several of the world’s biggest plastic chemical manufacturers are joining together in an industry-led effort to curb plastic waste. A group of nearly 30 global companies have committed more than $1 billion into developing programs and technologies to better minimize, manage and prevent plastic waste.
LyondellBasell of Houston, Chevron Phillips Chemical of The Woodlands, ExxonMobil of Irving as well as BASF, Shell Chemical, Dow and Procter and Gamble are among the two dozen companies forming a nonprofit called Alliance to End Plastic Waste, according to a joint announcement from the companies.
The goal is commit $1.5 billion over the next five years to fighting plastic waste; so far over $1 billion has been pledged with new members being added, an Alliance spokesperson said.
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(Photo credit: Mark Mulligan, Houston Chronicle / Staff Photographer)