Plant-Based Plastics Gain Favor as Companies Pursue Sustainability Goals

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Bioplastic production is growing at a record clip amid strong demand from fashion and food-packaging companies, in particular.

A weekly look at environmental, social and governance issues and strategies for corporate decision makers.Bioplastics are expanding faster than recycled plastic in some cases, such as in Asian countries like China and Japan that are mandating more ecologically friendly materials, nova-Institute founder Michael Carus said.

Plants absorb the atmosphere’s carbon dioxide, which cuts the greenhouse-gas emissions from making bioplastics to at least half that of fossil-fuel-based plastics. Bioplastics can also sometimes cause less pollution when they degrade in the environment. Lululemon, which has a goal to replace the majority of oil-based nylon with plant-based nylon by 2030

 

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