More than half of waste from single-use plastics can be traced to 20 companies, study finds

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A new study has revealed that just 20 companies account for more than 50 per cent of all single-use plastic in the world, while another 20 financial institutions are enabling these companies.

, released on Wednesday from the Australia-based Minderoo Foundation, found that just 20 polymer producers accounted for 57.3 million tonnes of single-use plastic waste in 2019.

Overall, the U.S.-based ExxonMobil was the worst producer, accounting for 5.9 million tonnes of single-use plastic waste in 2019., followed by Dow at 5.6 million tonnes and the Chinese company Sinopec at 5.3 million tonnes. “The world needs plastic to live more sustainably, and America’s plastic makers are leading the development of solutions to end plastic waste,” Baca said in the statement. “We’re innovating and investing in efforts to create a more circular economy, where used plastics are systematically remanufactured to make new plastics and other products.”

Single-use plastics – as the name suggests – are plastic products that are used once and then discarded, such as plastic grocery bags, food containers and water bottles.3.3 million tonnes of plastic waste are produced in Canada each year, at 86 per cent of it ends up in a landfill. Forrest, one of the richest people in Australia, made his fortune primarily out of the mining industry and is a former CEO of Fortescue Metals Group, the fourth-largest iron ore producer in the world.

 

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