The pandemic has intensified a price war between recycled and new plastic, made by the oil industry. “I really see a lot of people struggling,” Steve Wong, CEO of Hong-Kong based Fukutomi Recycling and chairman of the China Scrap Plastics Association told Reuters in an interview. Already since 1950, the world has created 6.3 billion tonnes of plastic waste, 91% of which has never been recycled, according to a 2017 study published in the journal Science. …read more
Source:: Yahoo Finance
