American Chemistry Council report: Chemical recycling could eliminate the landfilling of 6.5 million tons of post-use recoverable plastics in the US each year
This report from the American Chemistry Council finds the potential economic impact of expanding advanced plastic recycling and recovery technologies in the U.S. 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. Says ACC, 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.,” if widely adopted, these processes could result in nearly 40,000 direct and indirect U.S. jobs, as much as $2.2 billion in annual payroll, and another $9.9 billion in direct and indirect economic output.
More information at the site of the American Chemistry Council: https://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/Report-Finds-10-Billion-in-Potential-Economic-Output-from-Advanced-Technologies-That-Recycle-and-Recover-Plastics.html