Source: Plastechmag.com
Dow (NYSE: DOW), has invested in Mr. Green Africa - the first recycling company in Africa to be a Certified B Corporation - to enable further diversion of plastic waste from informal dumpsites and the environment, drive positive change in local communities, address inadequacies in existing waste management systems and close the loop on plastics waste across Africa.
This investment marks the first of its kind from Dow on the continent and expects to enable approximately 90 kilotons (kt) of plastic waste to be recovered over four years and recycled into new packaging applications. With the support from Dow and other investors, Mr. Green Africa plans to expand its operations in Kenya where it is headquartered as well as in other countries in Africa, further extending the capabilities of its recycling efforts across the continent.
In addition, Dow and Mr. Green Africa also aim to co-develop more traceable, fair, high-quality post-consumer recyclate (PCR) that can be used in the production of new flexible plastic packaging – helping brand owners and other plastic manufacturers achieve their goals towards sustainable packaging solutions in Africa.
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