According to a recent report by The PEW Trusts called Breaking the Plastic Wave, current recycling commitments will only reduce annual plastic flows to the ocean by 7%. We should be aiming to go way beyond this depressingly low forecast.
As their report indicates, the value of global investments in the plastic industry between 2021 and 2040 could be reduced from $2.5 trillion (±$800 billion) to $1.2 trillion (±$300 billion). To achieve this target will require a substantial shift of investment away from the production and conversion of virgin plastic.
Biome Technologies plc is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.