The Southeast Asian subregion could become “a world leader” in the importation of plastic waste, according to the latest report by research and consulting group PCI Wood Mackenzie.
The study titled “China RPET Study – China Waste Import Ban 2017”, which is expected to begin construction before the end of the year, wants most PET waste exporters to look for alternatives.
“Some say this is an opportunity to absorb and develop domestic markets, while others are pessimistic about the increasing volumes of mixed plastics remaining, there are no markets for the material,” the report said.
According to Wood Mackenzie, Southeast Asia could become a dominant player in the importation of plastic waste.
Traditionally, the region has been the main source of waste imports into China and is now in a position to further develop its resilience and secondary markets.
“With financial investment from China, advances are ongoing across the chain and are gaining momentum,” the report added.
The Wood Mackenzie report is a predicted “significant impact” for the global recycling chain.
In the United States, however, the proportion of harvested material that has been exported to China has been on a downward trend.
“Many want to see this as a golden opportunity to keep the material within the domestic market, enhance the region’s sustainability credentials and migrate to a more circular economy,” the report added.
Commenting on the report, Helen McGeough, senior consultant at PCI Wood Mackenzie, said the ban should serve as a “warning” for plastics exporting countries.
“Asian countries can accept plastic waste, but the quality and quantity of these are not acceptable to ensure that the flow is viable and sustainable for both industry and the environment,” he concluded.