VEGETABLE OILS AND FATS MAY UNDERPIN GROWTH IN THE BIOPLASTICS SECTOR
May 19th, 2024
Bio-based oils and fats producers have an increasing business opportunity to supply feedstock to a booming bioplastics industry. While governments are proactively encouraging biodegradable bioplastics, following the United Nations’ Sustainable Development Goals’ (SDGs) policy of reducing standard plastics pollution (1), this green industry is still nascent. In 2022, bioplastics represented only 0.5% of the 400.3 million tonnes of plastic produced worldwide, according to Brussels, Belgium-based industry association Plastics Europe. And of this output, China ...
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