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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.