At the PEPP 2018: Polyethylene and Polypropylene Chain Global Technology and Business Forum, the 26th year of this event, organized by Houston-based IHS Markit, the focus is on sustainability being key to the future of the plastics industry.
This year’s June-26-28 event in Düsseldorf, Germany, will feature a host of chemical and plastics industry leaders representing the plastics value chain—from resin suppliers, to processors and brand owners, as well as others involved in recycling and reuse, who will address the issue of sustainability, as the industry moves toward a circular economy mindset.
Policy makers and influencers on the agenda include the World Plastics Council and PlasticsEurope; resin producers Borealis, LyondellBasell and SABIC; major converters including Amcor and Constantia; as well as brand owners: Coca-Cola and Nestle S.A.
“As announcements of additional capacity and images of plastic pollution share the headlines globally, the need for differential and sustainable plastic industry is emerging. The transition from a linear (take-make-dispose) economy to a circular economy (recover-innovate-reuse), represents a shift to ensure industry sustainability and value creation,” says Nick Vafiadis, v.p. of plastics for IHS Markit.
According to IHS Markit, the global demand for the world’s most used plastic—PE, has nearly doubled since 1999. However, new analysis indicated this demand growth is being met with significant new market pressures that threaten the future of plastics demand growth, including a rise in consumer expectations regarding sustainability, and more stringent environmental regulations in key growth markets such as China
Says Vafiadis, “As more consumers in developing countries such as China and India increase their spending power and join the global economy, we are witnessing truly phenomenal growth in demand for the key plastics that are critical to so many of the products and life essentials we rely on every day, such as cell phones, computers, food and beverage packaging, clothes, cars and even life-saving medical devices…..That consumption growth, though, comes with greater expectations and responsibility, both for plastics producers and consumers. We at IHS Markit are focused on how producers and consumers can work together to address the issues of sustainability and management of plastics recycling, reuse, or waste reduction. This issue is top of mind for plastics industry’s leaders.”
Here’s a glimpse of some of the highlighted speakers: