New Hope Energy

WASHINGTON (March 20, 2019)—A report released today by the American Chemistry Council finds the potential economic impact of expanding advanced plastic recycling and recovery technologies in the United States to be nearly $10 billion. The report examines a burgeoning class of technologies that convert used plastics into a range of products and raw materials such as chemicals and chemical feedstocks for new plastics, lower carbon transportation fuels, and other petroleum-based commodities. By bringing used plastics back into the manufacturing system, these technologies are a key enabler in the drive toward a circular economy for plastics. According to the report, “Economic Impact of Advanced Plastics Recycling and Recovery Facilities in the U.S.< http://link.americanchemi stry.com/c/4/?T=NjQ1MDYzNDY%3A MDItYjE5MDc5LTllN2YzZGI0NGIyNj Q2NGI5NGZmMjVlMzliY2IwNGZl%3Ac HJhcHRpX211aHVyaUBhbWVyaWNhbmN oZW1pc3RyeS5jb20%3AY29udGFjdC0 1YzU1ODc0NGMzMzRlNzExOTA0NjAwN TA1NjgxMzRjMC0yYjI4MDk0YzJjOT...

Plastic producers are looking for ways to use more recycled materials to meet consumer demand. Here are 5 principles to creating circular partnerships. 1. It must be good for everyone : All up and down stream partners must have a viable business scenario. 2. Measure Everything : Measure using the best tools available to each partner 3. Count the Cost:  Calculate all internal  and external costs, including the cost of regular compliance, green house gas emissions and mass balance accounting for the plastic 4. Document the Loop: c reate an group agreement between resource partners of the loop 5. Leverage the Loop:  Each partner needs to leverage the employee and community relations, operations, marketing, and ethics of the closed loop to lock it into your corporate culture