BASF joins Ellen MacArthur Foundation advancing circular economy

BASF joins Ellen MacArthur Foundation for advancing circular economy

9:15 AM, 8th May 2017
BASF joins Ellen MacArthur Foundation for advancing circular economy
ecovio is a high-quality and versatile bioplastic of BASF. The primary advantages: It is certified compostable and partially bio based.

LUDWIGSHAFEN, GERMANY: BASF SE announced its membership of two Ellen MacArthur Foundation programs, to further advance its existing circular economy solutions.

Founded in 2010, the Ellen MacArthur Foundation works with businesses, government and academia to build a framework for an economy that is restorative and regenerative by design. The transition from a linear to a more circular economy can bring significant changes in business models and provide additional value across industries and to society.

The aim is to develop an attractive and viable alternative to today’s linear “take, make, dispose of” model. The chemical industry plays a pivotal role in this transition due to its innovation power.

BASF joined the Foundation’s “Circular Economy 100” program to drive not only the concept of its own operations but also the realisation of the circular economy together with other innovators and organisations. The engagement in the multi-stakeholder platform provides additional opportunities to learn and collaborate with partners along the value chain.

BASF has also become a member in the Foundation’s “New Plastics Economy” initiative that brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging. Here, BASF will work closely with the initiative’s participants to accelerate the transition towards a circular economy for plastics, while ensuring that benefits such as food protection are upheld.

“Circular economy is much more than waste management. It requires substantial changes in terms of behaviour and technology use. Circular economy thinking cannot be restricted to a company’s own operations. It needs to run across the value chain to embrace and provide value to customers and suppliers,” said Dirk Voeste, vice president sustainability strategy, BASF.

“Established to enable organisations to learn, build capacity, network and collaborate, the CE100 brings together leaders and innovators from around the world, to unlock new opportunities arising from a circular economy approach. We are pleased to welcome BASF to the program, to offer their unique perspective on the key role chemistry plays in developing new processes and solutions across the value chain,” said Casper Jorna, CE100 Program Lead.

“As a manufacturer with a broad plastics portfolio for the automotive, household appliance, construction and packaging industries, we can contribute to the Foundation’s platform a wealth of expertise in plastics, their properties and recycling opportunities. For example, we can also share our significant experience with biodegradable and partially bio-based plastics, like our ecovio, in applications such as the collection of biowaste,” said Dr Jens Hamprecht, head of market development biopolymers, BASF.

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