James Quincey of Coca cola and Ramon Laguarta of PepsiCo alongside Dow Chemical’s Jim Fitterling are part of a new Alliance to End Plastic Waste.
Laguarta said that they could reduce the amount of plastics used in Pepsi’s beverages and snacks. The new alliance consisting of big energy, petrochemical and plastic manufacturing firms would donate $1 bn to minimize and manage plastic waste and promote solutions for used plastics.
However, activists and green experts are sceptical over the effectiveness of the alliance’s clean-up plan.
There is no need to abandon the usage of plastic altogether. “We must recover the plastic bottles”, to recycle them and create a circular economy,” said Quincey.
The European Union wants to ban certain single-use plastics such as plates, cutlery, and drinking straws by the end of 2021. According to reports, up to 80 percent of all litter in the oceans is made of plastic, much of it from items such as plastic shopping bags or cold-drink bottles used just once.