Sustainability is to protect our natural environment, human and ecological health, while driving innovation and not compromising our way of life. It also brings social progress and an increase in quality of life across the globe. In simplest terms sustainability is about our children, grandchildren and the world we will leave them i.e. Next generation.
Three pillars of sustainability:
1. Circular economy (CE) – Reduce - Reuse - Recycle are the key factors in sustainability. It is a concept that turns goods at the end of their service life into resources for others, closing loops in industrial ecosystems, minimizing the waste, reducing the amount of non-renewal feedstocks while increasing the physical and aesthetic attributes of a product and following sustainable methods.
2. People – People want to feel good about the products they purchase. Part of that is sustainability - simply, they want to buy “something green” because it makes them feel like they are contributing to the environment and society for the young and next generation. Sustainability is the new normal. The awareness for sustainable products is growing, and companies benefit because of the growing demand for environmentally friendly products. 3. Environment – It is our responsibility to conserve natural resources and protect global ecosystems to support health and wellbeing, now and in the future.
The long-term goal is to create a circular economy in which most of the plastic waste can be reused in a high-quality and quantity with the help of suitable compounding technologies and value-add product modifiers - whether it is consumer plastics industries, medical device field or rubber industries.
This seminar aims to show factors affecting sustainability, end users understanding about sustainability, challenges in circular economy and possible solutions to overcome some of the challenges. This seminar will clearly show some of the ways companies can make more sustainable plastic products that are not just greener, but also perform better. Compounding and value-add product modifiers makes it possible!
With many environmental issues and debates on sustainability and circular economy there is a growing consumer interest in environmentally friendly sustainable technologies, businesses and products. This growing demand will not solve all of our challenges, but they can have a significant positive impact in utilizing plastics waste for the best.