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THE RECYCLING MYTH BIG OIL’S SOLUTION FOR PLASTIC WASTE LITTERED WITH FAILURE

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Thursday, July 29, 2021

Some of the world’s biggest multinationals are hailing so-called advanced recycling as the solution to a waste crisis that has lawmakers looking to crack down on plastics use.The impetus is coming from two sets of players: big oil and chemical companies that make the petrochemicals used to manufacture plastic, and global consumer brands that use huge amounts of the material in packaging. These giants are striking deals with startups that claim they can transform this garbage into fuel or resin to make new plastic. But some recent efforts in this “high-tech” recycling boom have already fizzled.

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