The cooperation, known as Sea The Future, will contribute money to the construction of sorting and recycling facilities. Indonesia, the Netherlands, and Brazil will each host one of the first three hubs.
In order to launch Sea The Future, a project that will provide funding for the establishment of a global network of plastic recycling facilities, packaging manufacturer Amcor, based in Switzerland, has teamed up with the Minderoo Foundation Pty Ltd., a charitable organization with its headquarters in Australia.
The first three recycling centers will be constructed, according to a press release from Amcor, in Indonesia, the Netherlands, and Brazil. Within two years, Minderoo (STF) intends to start building the first recycling and sorting facilities.
The first three recycling hubs are designed to attract $300 million in new investments in plastic recycling facilities around the world, create 150,000 metric tons of recycled plastic annually, and stop the landfilling of 200,000 metric tons of plastic trash.
The Port of Rotterdam and the Indonesian government both support the proposal. According to Amcor, the goal of this project is to “bridge the gap between the aspirations for using recycled plastics and the actual supply of high-quality recycled plastics in big volumes.”
According to Peter Konieczny, chief commercial officer at Amcor, “We are committed to solutions that will improve the collection and recycling of packaging material, which reduce the need for virgin resin while keeping waste out of the environment.” We collaborate with a number of partners along the value chain, and we’re thrilled to be a part of Minderoo’s important endeavor. We now buy 86% more recycled content than we did two years ago, and we welcome this partnership’s contribution to our continued acceleration of the provision of ethical packaging solutions for clients.
STF also intends to show that the cost of recycled plastic can be decreased with the correct amount of investment and cooperation along the value chain.
“The world must regard plastic similarly to other commodities. According to Tony Worby, CEO of the Minderoo Foundation’s Planet Initiative, “industry is the only sector that can lead the urgent, global transformation needed to save our oceans, with full backing from governments and regulators. “This existential threat necessitates a global response that can cut beyond national boundaries, political divides, and corporate social responsibility. According to Minderoo studies, we have less than five years to do this. The only way to keep plastics in the economy and out of the environment is through a widely adopted, international industry-led strategy. We are looking for more founding partners to join this important project from the petrochemical and consumer goods sectors.
According to Amcor, the business has agreed to sign offtake agreements, securing the three recycling centers’ commercial future. The businesses intend to broaden their network into other nations.
The Sea the Future Initiative partnership is open to new members as well, and Amcor and the Minderoo Foundation invite businesses from the consumer products and petrochemical sectors to do so during the ensuing months.