These startups seek to close the supply-and-demand gap for recycled plastics

Chips and flakes of PET plastic, commonly used in disposable water bottles

These startups seek to close the supply-and-demand gap for recycled plastics

These startups seek to close the supply-and-demand gap for recycled plastics

Source: https://www.greenbiz.com/article/these-startups-seek-close-supply-and-demand-gap-recycled-plastics

Author: Elsa Wenzel

A 2021 report commissioned by Google projected a global investment of between $426 billion and $544 billion needed to close by 2040  "the plastics circularity gap," defined as the difference between the volume of plastics produced and the sliver of plastics available from circular supply chains. Boosting the infrastructure to support these circular supply chains is key, the report found. Circular, launched in June and based in Palo Alto, California, is an online marketplace for buyers and sellers of post-consumer recycled plastic. Cirplus has been doing that since 2018 out of Hamburg, Germany. Circularise, founded in 2016 in The Hague, Netherlands, plays a different role, helping buyers and sellers to determine the origins and ingredients of a variety of materials, including recycled and renewable plastics, through its blockchain technology. In May the company announced that it is teaming up with plastic producer Neste.