Lessening plastic consumption and plastic waste leads to reduced greenhouse gas emissions and contributes heavily towards climate changes. Launched in January 2019 with 27 founding members, the Alliance to End Plastic Waste (AEPW) is an initiative that has partnered with companies around the world to help end plastic waste in the environment.
Being a member of this august Alliance Board, our Chairman Mr. Surendra Patawari was invited to the All-Summit Leadership event - All Investors Day held on December 1, 2021.
In fact, he had the privilege of commencing the Board Meeting with his speech on the following day at the New York Stock Exchange, United States of America. As part of his inspiring and educative discourse, he mentioned that the Plastic Recycling business presents an “extraordinary arbitrage opportunity to the investors”. The statement was obviously based on his expertise in the industry spanning over three decades now as well as his experience garnered from collecting scrap from over 500 locations across more than 60 countries every month.
Needless to say, this meeting was graced by several other industry stalwarts such as Mr. David Taylor of P&G, Mr. Halsey M. Cook of Milliken & Company, Mr. Jim Andrew from PepsiCo and Mr. Jim Fitterling of DOW.
As per global figures, there is about 8.3 billion tonnes of plastic in the world currently - approximately 6.3 billion tonnes of which is trash. By bringing together the entire plastics value chain, the Alliance intends to apply the expertise of each sector, the collective reach of companies globally and insights from those that operate in the regions where the challenge is the greatest. Together, all the discerning members have forged a global vision and a comprehensive strategy focusing on:
