SABIC joins new global alliance to end plastic waste

Saudi Basic Industries Corp. (SABIC), has announced it will become a founding member of the Alliance to End Plastic Waste, a new non-profit organization consisting of 27 global companies to advance solutions to help reduce mismanaged plastic waste in the environment, said a statement last week.

"Innovative plastics make modern life possible, but even the most beneficial product can be harmful if it is misused - or disposed of improperly," said Yousef Al-Benyan, SABIC CEO.

"Consumers, governments and the business community alike are searching for ways to address this challenge. We wanted to make clear that the global community of companies that produce and use plastics can and must be part of the solution."

The Alliance will be a stand-alone, not-for-profit organization composed of companies from across the plastics and consumer goods value chains including chemicals, plastics and consumer goods producers, retailers, converters and waste management companies.

The Alliance will work with governments, multilateral institutions, companies, non-government organizations and communities to support investments and programs over the next five years to help eliminate plastic waste in the environment.

"SABIC's involvement in the Alliance reinforces our long-held commitment to sustainable development," said Al-Benyan.