Thirty Companies Pledge $1 Billion to Reduce Plastic Waste
16 Janvier 2019 - 12:11PM
Dow Jones News
By Nathan Allen
A group of nearly 30 companies involved in the production of
plastics and consumer goods said Wednesday that they have committed
$1 billion to help reduce plastic waste as part of a global
alliance.
The Alliance to End Plastic Waste, which includes oil-and-gas
majors such as Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC
(RDSB.LN) and chemical makers like BASF SE (BAS.XE), hopes to
invest $1.5 billion over the next five years, according to fellow
member Total SA (FP.FR).
Among other projects, the group plans to partner with cities to
design waste-management systems, especially along rivers which
transport waste to the ocean.
Member companies will also fund the development of technologies
that prevent plastic waste by investing in startups, with an
initial focus on Southeast Asia.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 16, 2019 05:56 ET (10:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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