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Dozens of companies launch US$1 billion bid to end plastic pollution in Asia but environmentalists dismiss it as ‘greenwashing’ stunt
- Since China banned plastic waste imports in January 2018, Southeast Asia has become the world’s dumping ground
- Thailand had a 2,000 per cent jump in the imports of US plastic waste in the first six months of 2018
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A new oil and chemical industry-led global alliance founded to tackle Asia’s crippling plastic waste crisis has been slammed by environmental groups as a “greenwashing” stunt.
The “Alliance to End Plastic Waste” (AEPW) consortium of more than 30 companies launched last month, dedicating a combined total of US$1 billion over the next five years – aiming for US$1.5 billion if more conglomerates join – to develop better plastic recycling practices and infrastructure around the world.
Its founding members include companies such as Chevron, Dow, Formosa Plastics, Mitsubishi Chemical, Procter & Gamble, Sumitomo Chemical, and Shell.
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