NatureWorks has formalized its engagement with the Ellen MacArthur Foundation’s (www.ellenmacarthurfoundation.org) New Plastics Economy initiative by finalizing a three-year partnership agreement.
The foundation’s initiative, which was first elucidated last year in a joint report with the World Economic Forum and analytical support from McKinsey & Company, "The New Plastics Economy – Rethinking the Future of Plastics," brings together key stakeholders to rethink and redesign the global plastics system, starting with packaging. The chief tenants of the plan call for decoupling plastics from fossil feedstocks by exploring and adopting renewably sourced feedstocks and drastically reducing leakage of plastics into natural systems, all amidst the broader context of creating an effective after-use plastics economy by improving the economics and uptake of recycling, reuse, and controlled biodegradation for appropriate targeted applications. NatureWorks has engaged with the foundation since 2015 in the development of these concepts and the report.