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Plastics, consumer goods makers in $1.5 billion pledge to rein in waste

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Global companies including BASF, DowDuPont, Procter & Gamble and SABIC have formed an alliance to fight plastic waste, pledging to spend $1.5 billion over the next five years.The Alliance to End Plastic Waste (AEPW), unveiled by its 28 founding companies on Wednesday, convened amid reports of a worsening environmental crisis from about 8 million tonnes of plastic waste that end up in oceans every year, which has triggered bans on some single-use plastic products.Current alliance members have committed more than $1 billion to the project over the next five years, while ...

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First Published: Wed, January 16 2019. 23:28 IST