Borouge, a leading UAE-based petrochemicals company that provides innovative and value creating plastics solutions, has signed up as a strategic partner for Project STOP, which has been co-founded by Abu Dhabi Polymers Company (Borealis) and Systemiq to prevent ocean plastic leakage, joining the Norwegian Ministry of Foreign Affairs, Nova Chemicals, Nestle and the Alliance to End Plastic Waste.
Project STOP, co-founded by Borealis and Systemiq to prevent ocean plastic leakage, welcomes Borouge, a leading petrochemicals company that provides innovative and value creating plastics solutions, as a strategic partner, joining the Norwegian Ministry of Foreign Affairs, Nova Chemicals, Nestle and the Alliance to End Plastic Waste.
"Project STOP’s positive impact is proof that partnerships between industry and government can generate effective solutions for sustainable waste management and the prevention of marine litter," said Alfred Stern, Borealis Chief Executive.
"We are pleased that Borouge, our joint venture with the Abu Dhabi National Oil Company (Adnoc), has decided to increase their engagement and become a strategic partner in Project STOP. We also look forward to welcoming new partners and alliances on our journey to scale up this industry-leading initiative, which is an important step towards creating a circular economy for plastics," stated Stern.
Since its inception, Project STOP has welcomed a number of strategic partners, the newest one being Borouge, which originally joined the project in 2017 as a supporting partner.
"Selling products that with some probability will leak into the environment is no longer a tenable proposition for the plastic industry. Instead the industry must take the lead in building close loop systems that ensure no plastic waste flows into the environment," said Martin Stuchtey, the managing partner at Systemiq.
"Borouge’s partnership with Project STOP has contributed to our impact in Muncar. It will contribute to further expanding our impact across Indonesia and across the plastic industry as a whole," he added.
Since the launch of Project STOP’s first city partnership in Muncar, in 2018, 1,800 tonnes of waste, of which 300 tonnes are plastic, have been collected.
Furthermore, 60 local jobs have been created and waste management collection has been made accessible to more than 30,000 people, most of them for the first time.
"We are proud to be a strategic partner of Project STOP, working with partners and communities, to establish a plastics circular economy for waste management in Southeast Asia," said Ahmed Omar Abdulla, CEO of Abu Dhabi Polymers Company (Borouge).
"At Borouge, the difference we have been making as partners of Project STOP is enormous since joining the programme in 2017, and we are committed to giving a new life to post-consumed plastics, scale up our efforts and continue making impact," he added.
"Being a strategic partner of Project STOP allows Borouge to come together with other partners to help build an all-encompassing waste management system in Southeast Asia, while investing in community education," said Wim Roels, CEO of Borouge.
Borouge is committed to being part of Project STOP’s future expansion, which has launched a new city partnership in Jembrana in Bali, Indonesia.
A third city project is currently under preparation. With these three cities Project STOP will reach 450,000 people and prevent 80,000 tonnes of waste leaking into the ocean every year.-TradeArabia News Service