Covid-19 Business Watch
WATCH: Bioplastics demand interventions — carrot or stick?
Michael Avery talks to a panel about the demand for bioplastics in SA
President Cyril Ramaphosa recently reaffirmed his administration’s commitment to net carbon zero by 2050 in his state of the nation address (Sona). Biomaterials, and bioplastics specifically, offer a potential decarbonisation option for the petrochemicals value chain. SA relies heavily on coal as an input into chemicals production and bio-based bioplastics have room to substitute for traditional plastics.
However, the market for bioplastics in SA is currently limited and market demand has yet to materialise substantially. While a number of efforts are under way to develop the supply side of the market, it appears that policy interventions are necessary to stimulate demand for sustainable plastics.
TIPS recently conducted a study into the subject of stimulating demand for bioplastics in SA. Michael Avery spoke to Muhammed Patel an economist at TIPS; Jenitha Badul, senior manager/policy adviser for sustainability programmes and projects, at the department of environment, forestry and fisheries; and Ozunimi Iti, project manager in the environment department of the UN Industrial Development Organisation (Unido).
Michael Avery talks to a panel about the demand for bioplastics in SA.
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