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2 12/08/2020
Plastic Waste Recycling, Investment Opportunities and Environmental Solutions

Plastic Waste Recycling,

Investment Opportunities and Environmental Solutions

 

It would be hard to imagine a modern society today without plastics. Plastics have found a myriad of uses in fields as diverse as household appliances, packaging, construction, medicine, electronics, automotive and aerospace components. It is widely recognized that plastics have a crucial role to play in delivering a more sustainable future.

However, challenges relating to littering and end-of-life options for certain types of plastics waste - especially packaging waste- must be addressed if the material is to achieve its fullest potential in a circular and resource efficient economy.

There is a global focus on plastics for obvious reasons: while the global recycling rate for papers is estimated at 58%, and aluminum at 69%, only 14% of all plastic packaging materials produced worldwide is collected for recycling, and 10% is actually recycled. As a result, large amounts of plastic are flowing into our natural environment, particularly our oceans, and the global economy is losing $80-120 billion (USD) of resources each year.

New processes have emerged, i.e., advanced mechanical recycling of plastic waste as virgin or second grade plastic feedstock, and thermal treatments to recycle the waste as virgin monomer, as synthetic fuel gas, or as heat source (incineration with energy recovery). These processes avoid land filling, where the non-biodegradable plastics remain a lasting environmental burden.

The study is divided into four chapters, and provides analytical data not only for the amount of plastics produced over the past years, but also for their composition, types of additives and their quantities used in the production of plastics.

The study also dealt with the identification and classification of the types of polymers "plastic materials", their properties and uses. It also included the classification of plastic waste, its effects on humans and the environment, and modern methods for safe disposal, especially after the end of the plastic life cycle, on the other hand, the study includes a review of the experiences of some countries in plastic waste recycling

Finally, the study concluded the need to set a legislation and laws, and set special goals for dealing, safely disposing of plastic waste, encouraging investors in the field of recycling, producing energy from it, and enhancing community awareness to contribute to reducing its risks.