Over half of every single-use plastic waste in the world is creating further environmental and climate issues, with 20 firms being responsible for producing such waste.
According to a new analysis, worldwide businesses are the biggest causes for the 55% of the plastic packaging waste such as chemical firms, gas and oil giants.
The Plastic Waste Makers index, displays the companies who are responsible for producing the polymers that later get thrown away as plastic products, starting from plastic bags and bottles, to face masks, which undoubtedly contaminate the oceans or are either burned and thrown in a depot.
Australia is ahead of the US, UK and South Korea as the leader of producing the most single-use plastic waste.
According to an analysis by Minderoo Foundation of Australia, the biggest contributor to single-use plastic waste is ExxonMobil with around 5.9m tonnes. The biggest company of chemicals in the world – Dow, produced 5.5m tonnes of single-use plastic waste, whereas China’s gas and oil operation – Sinopec, produced 5.3m tonnes of plastic-waste.
Single-use plastics are made almost entirely from fossil fuels. Due to their inability to properly recycle, such materials produce worldwide waste mountains. Additionally, only 10 to 15% of single-use plastic gets recycled per year.
The analysis gives a further glance at the number of petrochemicals firms (which is small), and their financial investors who cause nearly every single-use plastic waste globally.
As Al Gore – the former US vice-president and environmentalist, the innovatory analysis showed, fossil fuel firms were using plastic manufacturing since their two major markets – electricity reproduction and transport were reduced on carbon.
”Since most plastic is made from oil and gas – especially fracked gas – the production and consumption of plastic are becoming a significant driver of the climate crisis.” stated Gore.
The crisis in regards to plastic waste increases each each. It is estimated than in the upcoming 5 years, the world’s capacity to create virgin polymers for single-use plastics could increase over 30%.