The Alliance to End Plastic Waste (AEPW), a coalition of global companies from the plastics and consumer goods value chain, was launched today to advance solutions to eliminate plastic waste in the environment. Project STOP – a city partnership project co-founded by SYSTEMIQ and Borealis in Southeast Asia – was recognized by the Alliance as a leading example of frontline action to prevent plastic waste, and a potential collaborator for future scale-up.
“We’re pleased to see that city partnerships such as Project STOP are increasingly recognized as integral to solving the ocean plastics challenge,” said Martin Stuchtey, founder and managing partner of SYSTEMIQ. “The Alliance is a welcome signal that businesses involved in the production, sale and use of plastics understand the urgency of this challenge and are ready to act.”
The Alliance, including nearly 30 companies, has committed over USD$1 billion, with the goal of investing USD$1.5 billion over the next five years to contribute to keeping plastic waste out of the environment. The Alliance focuses on developing and bringing to scale solutions to minimize and manage plastic waste and promote solutions for used plastics by helping to enable a circular economy.
The Alliance today also announced an initial set of projects and collaborations that reflect a range of solutions to help end plastic waste including supporting city partnerships, like Project STOP, funding an incubator network to develop and promote technologies, business models and entrepreneurs; developing an open source, science-based global information project to support waste management projects; creating a capacity building collaboration with intergovernmental organizations; and other initiatives.
To learn more about the Alliance, visit www.endplasticwaste.org.