In an article for Forbes, Oskar Krabbe, managing consultant at Navigant, illustrated the potential impact of sustainable feedstocks and described the available options to produce climate-friendly plastics.
With bioplastics and recycled plastics offering a huge potential before 2030, Krabbe believes the initiative will require the support of both government and corporate regulation to initiate adoption.
“Issues related to plastics — primarily climate change and marine litter — will drive governments to implement regulation and companies to look for voluntary alternatives as part of their corporate responsibility efforts,” said Krabbe.
He noted companies including DuPont, IKEA, Shell, ENGIE, Volkswagen, and more are beginning their shift towards more sustainable practices, investing in products, initiatives, and pilot programs outside of their core businesses.
For organizations looking to be a part of the transition, Krabbe said, "the most successful long-term strategies will be dynamic and involve a portfolio of different products, technologies, and business models.”