The recycling of waste plastic is of great importance.
The Increasing Use of Plastic
Global plastic use has increased 20-fold in the past 50 years and it is expected to double again in the next 20 years, which is expected to reach 1.124 billion tons by 2050. By the end of 2018, China’s PET bottle production capacity topped the list with 11.09 million tons per year, accounting for 35% of the total plastic use. China’s plastic production accounts for 28% of global plastic production.
Currently, global waste plastics are over 6.3 billion tons. But only 9% are recycled, 12% are incinerated, and 79% are buried or accumulated in the natural environment. The average recycling rate in Germany, the United States and Europe is 60%, 50% and 45% respectively. However, The recycling rate of plastic waste in China is only 25%, that is, about 14 million tons of waste plastics are not recycled in China every year, which wastes 28 billion yuan of direct resources.
The Value of Waste Plastic
Waste plastic is a misplaced resource. Waste plastics have great recycling value. Recycling 15 million tons of waste plastics every year is equal to reducing the use of 30 million to 40 million tons of crude oil, which will reduce the emissions of carbon dioxide and sulfur dioxide and save 70% of energy consumption. Domestic well-known enterprises should take the social responsibility of sustainable development, seriously study the key technology of waste plastic recycling, greatly reduce the use of crude oil, and achieve sustainable and healthy development.
China’s Relevent Laws and Regulations
China has listed waste plastic recycling as a strategic emerging industry. In recent years, China has issued The Medium and Long-term Plan for the Construction of Renewable Resources Recycling System (2015-2020) and The Law on the Prevention and Control of Solid Waste Pollution (2018). Extended Producer Responsibility System (EPR) has been established, that is, producers take resource and environmental responsibilities for their products, extending from the production process to the whole life cycle including product design, circulation and consumption, recycling and waste disposal.
The Social Responsibility of SBS
SBS zipper has the courage to undertake the social responsibility of environmental protection and energy conservation, and actively promotes the recycling of resources. The waste PET recycling project was approved in July 2018, forming a complete recycle system of granulation/viscosity enhancement/spinning. SBS zipper takes the lead in recycling waste products in zipper industry and extends its environmental responsibility to all production processes.