Recycling Today: “Groups vow to raise $150 million for plastic recycling”

The nonprofit organization Ocean Conservancy has formed an alliance with partners that include the Trash Free Seas Alliance, Closed Loop Partners, PepsiCo, 3M, Procter & Gamble, the American Chemistry Council and the World Plastics Council to work to raise $150 million for a new funding mechanism to prevent plastic waste from flowing into the ocean.

The initiative is being designed to fund waste management and recycling solutions in Southeast Asia, with a focus on investments to improve collection, sorting and recycling markets, says the group, which met in early October 2017 in Malta at the Our Ocean 2017 conference.

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