A growing, global movement to establish a circular economy
There is increasing interest worldwide in the circular economy concept, which involves shifting from an economy built on disposable goods to one built on long-lasting goods. The entire social economy, from the supply chain to the consumer, needs to change to realize a circular economy, as shown in the following five. (See (1) to (5) in the figure below)
Impact on society and global environmental preservation
It is expected that transitioning to a circular economy will facilitate slower, more sustained use of raw materials from petroleum resources, including engineering plastic, and materials used for energy, and that this will result in less landfill disposal and incineration without heat recovery, as well as less illegal dumping. In addition, it is predicted that a circular economy would lead to more active adoption of renewable energy and resources, thereby promoting resource and energy efficiency across the entire product life cycle, from manufacturing to consumption to disposal, and this, in turn, would lead to further reductions in greenhouse gas emissions across the life cycle, including manufacturing, with the stated goal of Europe and Japan to achieve net-zero greenhouse gas emissions by 2050.
Polyplastics’ comprehensive initiatives
In order to help the Daicel Group in building a more recycling-oriented society through efforts that promote a more sustainable society and expand sustainable business practices, we in Polyplastics are undertaking sustained and active efforts to “do what we can, do what we should” (see (1) to (3) in the figure below) through our Engineering Plastic Business to hasten the establishment of a circular economy.