Calgary-based NOVA Chemicals says it has joined an alliance of global companies to advance solutions to reduce plastic waste in the environment, with a specific focus on ocean pollution.
The new Alliance to End Plastic Waste is comprised of nearly 30 companies that are making a combined initial commitment of US$1 billion, with a goal of $1.5 billion over five years.
“Plastic waste in our environment is a growing challenge, but a solvable one with strong leadership and collaboration,” NOVA Chemicals CEO Todd Karran said in a statement.
The Alliance to End Plastic Waste will be a stand-alone, not-for-profit organization composed of companies that make, use, sell, process, collect and recycle plastics, including chemicals, plastics and consumer goods producers, retailers, converters, and waste management companies.
According to a statement, over the next five years it will focus on infrastructure development to manage waste and increase recycling; innovation to develop and bring to scale new materials and product designs that minimize waste and new recycling technologies that create value from all post-use plastics; education and engagement of governments at all levels, communities, businesses and even individuals; and clean up of concentrated areas of waste in the environment, particularly the major conduits of waste that carry land-based waste to waterways.
NOVA Chemicals noted that it is already taking action to prevent plastic from reaching the ocean, recently announcing investment of nearly US$2 million to support Project STOP - an initiative to design and implement solutions to reduce marine plastic pollution, with a primary focus area of Indonesia.