Founders of plastic waste alliance investing billions in new plants

Jan. 21, 2019, The Guardian: "A majority of the firms which announced this week they were collaborating to try to help tackle plastic pollution are likely to be at the heart of a global boom in plastic production over the next 10 years.

Together the companies have committed $1bn (£778m) over the next five years to reduce plastic production and improve recycling, with an aspiration to raise that to $1.5bn if more members join. But most of the founding firms have tens of billions of dollars riding on the need for global plastic production to continue growing over the next decade and more. The founding members of the Alliance to End Plastic Waste include: BASF, Chevron Phillips Chemical Company LLC, Dow Chemical, ExxonMobil, Mitsubishi Chemical Holdings, Mitsui Chemicals, Procter & Gamble, Shell..."