Chemicals are a critical, but often overlooked, factor of success for a circular economy. 96% of all products on European markets, from food to medical treatments, from buildings to consumer electronics, rely on chemicals, so this shouldn’t come as a surprise. But what does circularity mean for the future of the chemicals industry? Should it embrace circular systems or resist them?
Consumers appreciate recyclates in packaging as long as it doesn’t affect the quality, functionality and price of the product. But how do companies remain competitive in view of added costs for high-quality recycling and the low price of virgin plastics?