The World Economic Forum anticipated that the total plastic production will double to more than 600 million metric tons by 2036.
Another driving force on the supply side isfor plastic production, a trend fostered in part by a glut of ethane produced by the fracking boom. The decarbonization of the transportation sector does not necessarily slow down crude oil production to refineries. “As traditional demands for oil — vehicle fuels — are declining as the transport sector is increasingly electrified, the oil industry is seeing plastics as a key output that can make up for losses in other markets,”.
The OECD estimates that, under a “business as usual” scenario, plastic waste will triple globally by 2060., and in particular, marine species, as so much plastic waste ends up in the world’s oceans.
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