upamfva
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Join Date: 6.11.2021
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Posted: 7.27.2023 12:56:37
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‘Reuse of plastic waste growing’
Plastic recycling plants in Bangladesh are becoming a vital part of the circular economy as foreign buyers are prioritising sourcing plastic products from Bangladeshi manufacturers who use recycled plastic along with virgin materials.Get more news about Recycled Plastic Granule,you can vist our website!
At present about 80 per cent of the plastic waste is collected in the country in various ways and various products are being made through those being recycled into plastic granules.
We could not imagine what the industrial value of recycle plastic was just 10 to 12 years ago which now has become an important part of the plastic industry," said Shamim Ahmed, president of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA).
He frankly disclosed this emerging new business idea and environment protection initiative through a telephonic interview with The Daily Star yesterday.Referring to a recent study on the overall plastic industry of Bangladesh, he said around 300 small and medium plastic recycling plants have been set up in the country while conglomerates including Pran-RFL Group and Akij Group have also invested in this sector.
The association estimates that Bangladesh now uses around 40 per cent of plastic waste through recycling plants whereas a World Bank''s study found it to be 30 per cent in 2020, said Ahmed.He finds four reasons for the increase in recycling in Bangladesh – growth of a circular economy, demand for recycled plastic from buyers, growing awareness and the government''s National Action Plan for Sustainable Plastic Management.
According to Shamim, investors are automatically drawn to any manufacturing process that deals with plastic waste recycling.
Buyers now set preconditions when placing purchase orders for manufacturing processes to use at least 20 per cent recycled plastic with virgin materials, he said.
Against this backdrop, plastic exporters are sourcing recycled plastic flakes from local recyclers which in some cases were costlier than virgin plastic, he said.
The national action plan sets a target of recycling 50 per cent of the plastics used by 2025, phasing out single-use plastic by 90 per cent by 2026 and reducing plastic waste generation by 30 per cent by 2030, all from what was in fiscal year 2020-21.
Besides, the government''s 8th Five Year Plan aims to phase out single-use plastic like cups, plates, stirrers and cutlery, candy wrappers, sachets, extruded polystyrene, cigarette filters, cotton swabs, water and juice bottles, bags and multilayer plastic packaging.
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