By Plasticity Sydney- Published on October 27, 2017 by Plasticity Sydney
In Australia, only 15% of plastics thrown away are recovered, and only half of that is reused in Australia (with the remainder mainly being previously exported to China). Australia is not alone in the struggle to effectively recover plastics, as most countries face similar issues. Mr. Woodring, however, believes that Australia is uniquely positioned to play a leadership role in the region, and to exploit business opportunities locally and elsewhere globally. Australia already has successful innovators in this area and is seeing a growing interest in impact investment, governments actively supporting initiatives and Australian’s strongly committed to recycling. What remains is for Australia to capitalize on the new market opportunity before it is too late, and the same could be said for the U.S. and their potential engagement in this global challenge of resource recovery from plastic waste.