Most of the new solutions require collaboration across the supply chain to help improve traceability, use alternative feedstocks, and develop new materials processing methods. Partnerships also help share the significant financial risks associated with the development of new processes and products. Having a strong partnership strategy can greatly increase the speed of adoption, the likelihood of success, and the sharing of economic risk with new investments.
A good example is the Houston Recycling Partnership, a joint effort between industry (Secex, ExxonMobil, FCC Environmental Services, and Lyander Basell) and the city to increase plastic recycling in Houston while ensuring a stable pipeline of scrap material that can be used to produce recycled plastic. Exxon and LyondellBasell have committed $100 million to the sorting and processing facility, and Cyclyx will provide sorting and processing technology. Once operational, the facility will be able to produce 150,000 metric tons of different mixtures of plastic feedstocks per year to produce recyclable plastics. This collaborative approach increases the availability of high-quality raw materials, shares risks among the partners while leveraging their unique capabilities, and addresses a range of other sustainability and business issues for all three partners.
In Chicago, Dow and WM (formerly Waste Management) is piloting a curbside recycling program for plastic sheeting (including bags and packaging) that is not included in standard plastic recycling. The companies hope to expand the program to capture 120,000 metric tons of plastic film by 2025, providing Dow with a steady supply of recycled materials to use in its products.
Other new features may also be needed. Producers of commodity chemical and plastics may be good at operations, but they may not be so good at generating keen insights into their customers' businesses, which is crucial to understanding how customers value sustainable chemical that often command a premium.
ECHEMI --- The name originated from the abbreviation of “E-commerce of chemical”.
ECHEMI is a chemical supply chain service company headquartered in Hong Kong, providing chemical raw materials supply, research and analysis marketing, distribution, logistics, e-commerce, and after-sales services.