White Paper: It is expected that the global waste plastic recycling rate will reach 50% by 2030

        It is reported that the Plastic Recycling Industry United Green Action Alliance 2022 Green Action White Paper was officially released. The white paper pointed out that with the improvement of global waste plastic recycling technology and the increase in production capacity, it is expected that by 2030, the global waste plastic recycling rate is expected to reach 50%, of which physical recycling accounts for 22%, nearly doubling, and chemical recycling accounts for 17%, with huge room for growth.

        The Plastic Recycling Industry Joint Green Action Alliance was jointly initiated in April 2021 by Sinopec, Tongji University Institute of Ecological Civilization and Circular Economy, China Synthetic Resin Association Plastic Recycling Branch, Guangxi Guolong, Shanghai Leju, Haier Smart Home and other 23 research institutes, front-end recycling, brand companies, and industry associations. It aims to promote the establishment of a communication and cooperation platform for the entire industry chain, create a new model of plastic circular economy, and make greater positive contributions to reducing plastic pollution and achieving my country's carbon peak and carbon neutrality goals.

        Waste Plastic Recycling

        The white paper points out that plastic recycling refers to the recycling and reprocessing of existing plastic waste to turn it into plastic products for consumers to use again or multiple times, thereby extending its life cycle. The plastic cycle is mainly divided into five stages: plastic production, plastic consumption, plastic waste, plastic recycling and recycling processing. In the closed loop of the industrial chain of China's plastic cycle, each link is of great significance. Only by opening up the entire closed loop can the efficient recycling and resource utilization of plastic products be achieved.

        The white paper states that plastic itself is not a pollutant, and environmental leakage caused by improper management of plastic waste is the main impact of plastic waste on the environment. The long-term accumulation of waste plastics in the environment will lead to environmental pollution and waste of energy resources. Developing a plastic recycling economy is one of the main means to solve the problem of plastic environmental leakage. While reducing plastic waste pollution and protecting the ecological environment, it turns waste into treasure and enables waste plastics to generate economic value again, so that the plastic cycle closed loop can operate stably.

        The white paper comprehensively displays the "green" achievements of the alliance, analyzes the situation of the plastics industry and the requirements for circular development, and proposes solutions for the recycling of waste plastics, providing support for China to build a green, low-carbon, circular economic system.