Covid-19 Business Watch
WATCH: Bioplastics demand interventions — carrot or stick?
Michael Avery talks to a panel about the demand for bioplastics in SA
10 March 2021 - 15:34
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. ..
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