Pöyry’s ‘Plasticstobio’ Concept To Make Bio-Based Plastics
Market Expertz | May 30, 2019
Pöyry has formulated a ‘PlasticsToBio’ concept and initiative to take a further step in resolving the global issue of plastic management, and offer an affordable and economically feasible concept to segregate plastics from fossil-based materials to make all plastics bio-based products. The concept takes a holistic look at the entire value chain from material suppliers to customers and is indicative of the fact that replacing fossil plastics with bio-based plastics would be a profitable business. The idea is built upon two major areas, a sizable increase in recycling and to gradually replace fossil feedstock with bio-based feedstock in plastics manufacturing.
A crucial part of this strategy is the development of global deposit scheme for plastics collection and recycling. Similar systems are already being utilized in many countries on either national or retain chain level. A collaboration and value chain has been set up among the recyclers and retailers that charge a deposit value of a certain amount for the packaging whenever the customer buys the product. When the customer returns the used packaging to the shop, the retailer returns the deposit amount either directly, or as a receipt of the same value. The customer can then utilize the amount in their next purchase at the same store. The plastic that is returned in this process is periodically collected, transported, and sorted for recycling and other purposes. Tomi Nyman, Principal, Management Consulting Business Group, Pöyry has commented that the solutions for replacing fossil plastics are continually being developed but no solution to drive decoupling plastics using fossil-based materials has been accomplished yet, and there is no plastics recycling technology large enough or affordable and sustainable.
The PlasticsToBio lays out a plan to replace fossil-based plastics with bio-based plastics in the next decade. Plastics production is anticipated to be valued at nearly $1 billion tons in three decades if the necessary measures are not taken to solve the issue.