EQUATE Petrochemical Company poised to End Plastic Waste, join Alliance

The EQUATE Petrochemical Company turned out to be a part of the Alliance to End Plastic Waste (AEPW) on July 10, 2019, fusioning 11 other new members with a common vision of mounting and bringing to scale solutions to help eliminate plastic waste in the environment.

Dr. Ramesh Ramachandran, EQUATE Group President and CEO, said the membership denotes a milestone in EQUATEs journey to make an increasingly supportable global and local environment.

Joining the Alliance enhances our endeavors to carry solutions to address a global need, he said. We have joined a strong team composed of the worlds top personalities from across the entire plastics value chain and we anticipate being a part of the positive constructive impact this organization is going to have for generations to come.

We sturdily believe that partnerships across government, industry and communities will be the wat to addressing the long-term need to end plastic waste, while still recognizing the critical importance of plastic in improving the lives of billions, Ramachandran added.

Naser Al-Dousairi, Senior Vice President of The EQUATE Group, noted that EQUATE is already active in this space, addressing the issue of plastics waste through both the companys products and opportunities for action in local communities. Equipolymers, an EQUATE subsidiary, was the first company to innovate a chemically-recycled polyethylene terephthalate (PET), also, Viridis 25 uses 25% recycled plastic material and is clearly pushing the envelope in recycled plastic production through partnerships with other innovative companies such as Coca-Cola.

EQUATE is also investing endeavors in individuals and organizations to promote recycling, by partnering with community groups, industry and government to raise awareness on the importance of recycling and correctly recycle PET.

The alliance members have developed together a global vision and a comprehensive integrated strategy concentrating on 4 key action pillars: Infrastructure development to collect and manage waste and increase recycling; Innovation to advance and scale new technologies that minimize waste; Education and engagement of governments at all levels, businesses, and communities to mobilize action; and, Clean up of concentrated areas of plastic waste already in the environment.

Launched in January 2019 with 27 founding members, the Alliance presently incorporates 39 organizations around the world that make, use, sell, process, collect, and recycle plastics. This incorporates chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies. Member companies have committed over $1.0 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment. The World Business Council for Sustainable Development is an establishing vital accomplice.